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.
Nokia Siemens Networks, Finish-German data networking and telecommunications equipment joint-venture, will cut 127 jobs in Belgium. The plants in Diegem and Braine-l'Alleud will close and respectively 39 and 19 jobs will be lost there. Additionally, the plant of Herentals will see 69 jobs cut among the 300 workers.
This is part of NSN's global plans, which became public in November 2011 and include 17,000 job cuts worldwide (see here) by the end of 2013. The cuts represent almost a quarter of the company's workforce, which currently stands at 74000.
Currently, the unions are in negotiations with the local management in an effort to reduce the number of layoffs. The timeline for the cuts is not yet known.
Eurofound (2012), Nokia Siemens Networks, Internal restructuring in Belgium, factsheet number 73055, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73055.
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