Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
After an extraordinary work council, UCB, a biopharmaceutical company, announced a restructuring plan including 174 dismissals at its site of Braine-l'Alleud. The R&D department is the most affected: 122 jobs are threatened. In September 2008, an earlier restructuring plan had been implemented leading to 300 job losses. The number of job losses was reduced to 139 in the second official notification of redundancies.
Eurofound (2009), UCB, Internal restructuring in Belgium, factsheet number 69903, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69903.