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.
Wholesale chain Makro announced its intention to cut 374 of its 3,000 workplaces.
According to the management, the measure is due to the necessity to reduce costs while remaining competitive.
For unions, the decision is not a surprise as they were aware that the company was in financial difficulties. They hope to have direct dismissals reduced via an early retirement plan.
The timeline of the restructuring is not confirmed yet.
Eurofound (2014), Makro, Internal restructuring in Belgium, factsheet number 76516, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76516.