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 French pharmaceutical group Sanofi Aventis has announced, during a works council, the intention to cut 87 jobs at the plant in Diegem as a part of a major restructuring operation affecting also other plants outside Belgium (i.e. Luxembourg). The job losses are blamed on the need to rationalise operations. Closer collaboration between the Dutch and the Belgium branch has led to a duplication of activities making some positions redundant.
The headcount reductions are higher than expected by the trade unions. The procedure of collective redundancy ('Renault' procedure) has already been launched. On 22 February, the French group will hold an extraordinary European works council. It is the second large internal restructuring after the 'Renault' procedure launched in 2010.
Eurofound (2011), Sanofi Belgium, Internal restructuring in Belgium, factsheet number 71557, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71557.