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.
SAPA, the aluminium manufacturer, has announced an internal restructuring plan resulting in the dismissal of 170 out of a total of 200 employees in its site in Ghlin. Management intends to consolidate the capacity in Belgium and the Netherlands. The employees reacted by going on strike.
SAPA develops, manufactures and markets value added profiles, profile-based building systems and heat-exchanger solutions based on strip in the lightweight material aluminium. The SAPA group has been established in 1963 and employs around 14,800 people worldwide.
Eurofound (2011), SAPA, Internal restructuring in Belgium, factsheet number 72099, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72099.