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.
Interior design chain HomeMarket announced to close its 38 shops in Belgium, resulting in the loss of 233 jobs.
According to the management, the closure is due to the economic downturn as well as the high competition within the sector.
For the unions, the decision is not a surprise. They confirm that the financial results were not good even if the company tried to do the best to avoid the closure. The Renault Procedure will be soon launched.
Eurofound (2014), HomeMarket, Closure in Belgium, factsheet number 76584, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76584.