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.
Ineos ChlorVinyls Belgium, part of the multinational Lausanne-headquartered chemicals group Ineos, announced the decision to cut 117 jobs. The cuts will be implemented over the next two years.
According to the management, the company needs to adapt its business model to stay active and competitive. It is reported that the company declared that the cuts are necessary now to preserve jobs in the future. The Renault procedure was launched to discuss every aspect of the internal restructuring with the unions.
Ineos currently employs 667 people at its plant in Belgium.
Eurofound (2012), Ineos ChlorVinyls Belgium, Internal restructuring in Belgium, factsheet number 73238, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73238.
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