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.
Infrabel, the company that maintains Belgian railway infrastructure, has announced a significant reduction in their staff by 2020. The main reason for the restructuring is the fusion of two subsidiaries, Tuc Rail and Ixilio. In total 2200 employees less will be active at the company by 2018 and approximately 4000 by 2020. This will mean an overall reduction in staff of 27%. There will be no compulsory redundancies, according to management. The reductions will be carried out through voluntary departures or the non-replacement of retiring employees.
Eurofound (2017), Infrabel, Merger/Acquisition in Belgium, factsheet number 90313, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90313.