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 vegetable processing company Bonduelle has announced the closure of the plant in Westmerbeek with the loss of 130 jobs. The job cuts are blamed on decreasing sales of tinned food and overcapacity of green vegetables.
The management explained that the production capacity will have to be adapted to the demand on the European market. According to the trade unions, the closure of the plant was somhow expected and indicated that the company missed a number of investment opportunities in the past that would have made the plant more viable.
Eurofound (2011), Bonduelle, Closure in Belgium, factsheet number 71594, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71594.
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