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.
A unit of Procter & Gamble, situated in Strombeek-Bever has announced plans to cut 150 jobs. Currently, there is no information available yet about which departements are to be affected by the cuts.
The management wants to encourage voluntary dismissals by proposing personalised early retirement packages or redundancy payments. This decision for reductions stems from the general plan of the company to cut 5,700 jobs worldwide.
The restructuring is to be completed by the end of 2012.
Eurofound (2012), Procter & Gamble Distribution Company (Europe), Internal restructuring in Belgium, factsheet number 73735, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73735.