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.
Cable maker Nexans Euromold has announced plans to make 90 workers redundant in Aalst, Flanders. 75 production workers and 15 administrative staff are set to be affected by the job cuts. The factory had already put 40 per cent of its workers on a part-time unemployment programme having suffered a severe drop in business in 2009, which was reportedly partially caused by the collapse of the Spanish housing market.
Eurofound (2009), Nexans Euromold, Internal restructuring in Belgium, factsheet number 70889, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70889.