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.
Manufacturing (22 - 23) Manufacture of rubber, plastic and non-metallic minerals 23.4 - Manufacture of other porcelain and ceramic products 23.43 - Manufacture of ceramic insulators and insulating fittings
100 jobs Number of planned job creations
Announcement Date
17 April 2012
Employment effect (start)
Foreseen end date
Description
The Irish manufacturer of insulators Xtratherm has decided to invest in Belgium and create about 100 new jobs in Feluy.
The agency for the economic development in Wallonia encouraged the company to invest in Belgium. For that, 25 millions euro were raised from regional and European sources to give the company the opportunity to invest in Belgium. Other countries were considered by the firm for its new plant. The new unit of 100.000m² will be based in Feluy and should be operational by 2013.
Sources
17 April 2012: L'Echo
Citation
Eurofound (2012), Xtratherm, Business expansion in Belgium, factsheet number 73406, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73406.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...