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.
Automotive parts manufacturer Decoma Belplas, part of the Canadian group Decoma International, is to close its plant in Genk by the end of 2014 and make 492 people redundant. Among them, there are 260 white-collar workers, 62 blue-collar workers and 170 temporary workers. According to the management, the company is not profitable anymore and the Canadian headquarters have already injected a lot of money during the previous years. The 'Renault procedure' will be launched in the next few days.
Eurofound (2013), Decoma Belplas, Closure in Belgium, factsheet number 75493, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75493.