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.
Telecoms Company, Yourcall Holding, has announced the loss of 135 jobs across its 37 outlets in Belgium. Many of these outlets are located within larger stores as concession stands. The job losses are a result of the bankruptcy of the company. The telecom-law of October 2012, which made it easier for the consumers to change their telecom operator, is believed to be a contributing factor in Yourcall Holding’s bankruptcy. Additionally, an important partner refused to extend the collaboration, which caused the loss of other external investors. In October last year, the company closed 22 stand-alone stores.
Updated, 07/04/2014: As announced, Mobistar will take over the Yourcall Holding sites in Carrefour hypermarkets. It is still not known yet what is the final number of lost jobs.
Eurofound (2014), YourCall Store Concepts, Bankruptcy in Belgium, factsheet number 76803, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76803.