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.
The Christian trade union ACV-CSC has started a restructuring in which 103 employees will depart via early retirement. Another 123 employees, 55 years old or more, will be obliged to shift to part-time work.
The trade union has encountered financial difficulties since the voluntary liquidation of Arco (in 2011), its financial holding company, in the wake of the collapse of Dexia bank - which held most of Arco's funds. A restructuring plan, merging twelve regional departments into five provincial departments, is intended to eliminate some duplicate jobs in support functions as well as management jobs.
Eurofound (2016), ACV-CSC, Internal restructuring in Belgium, factsheet number 86407, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86407.