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.
In the context of negotiations on a new social agreement between the railway unions and HR Rail, the HR service of the national railway company NMBS-SNCB, 2,293 job cuts have been announced. The cuts are spread over the personnel department itself, HR Rail (-371 jobs), railway operations NMBS-SNCB (-1,208) and the infrastructure department Infrabel (-714 jobs). Forced redundancies may be avoided as many employees are due to retire in the coming years.
The reason given for the cuts is that new management contract with the Belgian government foresees a 20% gain in productivity, 6% of which is to be achieved through personnel cost reductions.
Eurofound (2016), NMBS-SNCB, Internal restructuring in Belgium, factsheet number 86529, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86529.