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.
Drainage pipe maker Keramo Steinzeug announced in September that it would cut 119 jobs at its factory in Hasselt, Limburg. 100 production line jobs are to go along with 19 jobs from management positions. The company is also cutting jobs at units in Austria and Germany but unions representing the Belgian workers are complaining that they are bearing the brunt of the restructuring. Morale was reported to already be low amongst workers after two other restructuring programmes were completed in recent years.
Eurofound (2009), Keramo Steinzeug, Internal restructuring in Belgium, factsheet number 70888, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70888.