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.
Emgo, a part of the Philips and Osram group operating in the lighting industry, announced plans to close its plant in Lommel, Belgium and dismiss its 135 employees.
According to the management of the company, the main reason for this decision is the progressive decrease in demand for Emgo's products.
The 'Renault' procedure has already been launched. The restructuring is to be completed by the end of 2012.
Eurofound (2012), Emgo, Closure in Belgium, factsheet number 73843, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73843.
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