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.
The Belgian subsidiary company of the Sanoma group located at Diegem, publisher of 25 magazines, is to cut 60 of its 560 employees. Management initially announced a restructuring plan involving early retirements, voluntary redundancy as well as the possibility of further redundancies last June designed to save 12.5m euro. Subsequent social dialogue with the unions has not been successful, according to the company, which is proceeding with the job cuts. (UPDATED 26/11/09)
Eurofound (2009), Sanoma Magazines Belgium, Internal restructuring in Belgium, factsheet number 69904, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69904.