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 26 and 27 October, 2011 the French public multinational industrial conglomerate Areva (120 500 employees) announced to its European Works Council its intention to cut nearly 950 jobs in the frame of a significant cost savings programme. Areva is involved in the nuclear energy sector.
The Belgian company of Dessel is concerned by this restructuring. The management declared its intention to close the Belgian plant where 120 people used to work. About 30 people will stay there until 2015, when the final closure will take place.
A more detailed timing for the restructuring is yet to be announced.
Eurofound (2011), Areva, Closure in Belgium, factsheet number 73521, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73521.