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.
On 12 January 2011, the Belgian food retailer Delhaize announced 5,000 job cuts worldwide, mainly in the USA, where 113 unprofitable stores will be closed in the next 30 days. It will also close 30 stores in Europe, in Bulgaria, Serbia and Bosnia. The group is responding to a sales decrease at the US stores "Food Lion". The food retailer obtained around 23 percent of revenue from its Belgian home market last year, with the US accounting for 65 percent.
Eurofound (2012), Delhaize, Internal restructuring in World, factsheet number 72955, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72955.