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.
Monsanto, an American company specialized in biotechnology, announced on Thursday 22nd April its intention to cut 130 jobs in Antwerp (Flanders). Monsanto justified this decision after the announcement of another American firm, Solutia, to stop its vulcanisation activities. The Antwerp site is owned by Solutia but is managed by Monsanto and possesses a production unit for vulcanisation accelerators. Solutia decided to stop production as the unit is loss-making.
Monsanto employs a total of 890 people at its Antwerp site.
Eurofound (2010), Monsanto, Internal restructuring in Belgium, factsheet number 70653, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70653.