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.
Chemical manufacturer Tessenderlo announced its intention to cut 170 in Ham by closing a production unit. According to the management, the decision comes from the necessity to remain profitable and competitive by reducing costs. Unions have not reacted yet but the Renault procedure will be launched in the next few days.
Updated, 08/07/2014: On 4 July 2014, a social agreement was reached. After months of social negotiations, the original number of 170 redundancies could be reduced to 113: 86 blue collar workers and 27 white collar workers. Compulsory redundancies could be avoided, thanks to an agreement between the trade unions and the company on an early retirement scheme (52.5 years old) and an encouragement premium for reducing the job to a part time job and for voluntary leaving. Still, the approval of the Minister for Employment is pending.
Eurofound (2013), Tessenderlo Chemie Ham, Internal restructuring in Belgium, factsheet number 75579, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75579.
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