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.
The company Levi Strauss & Co is planning 55 job cuts across various departments in Belgium. The restructuring plan was drawn up two months ago and it is ongoing. The collective dismissals procedure (Renault law) was allegedly launched without prior warning to the employees or their representatives.
According to the management, the decision arises from the need to remain competitive by reducing the costs. The unions have expressed their wish for no further dismissals in the near future as they fear that the Ixelles seat will lose its headquarter status for the European operations. They have expressed their decision to negotiate a social plan for the redundant employees and to propose alternatives.
Eurofound (2012), Levi Strauss & Co, Internal restructuring in Belgium, factsheet number 74727, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74727.