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.
Onsemi, a US-based multinational microchip producer has announced it will consolidate its facilities in Belgium which will lead to the dismissal of 106 employees in total. Concretely this involves the facilities in both Mechelen and Oudenaarde, whereby all further operations will take place in Belgium. The consolidation plans have the intention to reduce costs and increase efficiency as well as profitability. In addition to the redundancies, 63 workers will be offered to move from Oudenaarde to Mechelen.
The company has initiated the necessary information and consultation rounds as required, it states that it will try to support the affected employees as much as possible in the process.
Eurofound (2024), Onsemi, Relocation in Belgium, factsheet number 201324, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201324.