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 Crown Speciality Packaging announced its intention to close its plant at Hoboken, where 102 workers are employed.
According to the management, the closure is necessary as the company is not efficient any longer and suffers from over-capacity of production. The trade unions claim that the management has not intervened early enough and did not act to improve the situation.
Eurofound (2013), Crown Speciality Packaging, Closure in Belgium, factsheet number 75024, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75024.