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.
Mondelez, a multinational producer of food products, has announced restructuring measures at their facility in Herentals, a factory that is specialized in the production of biscuits and cookies. Three production lines will be closed in order to make the facility more cost efficient. Two of the production lines will be outsourced to other companies, the other one distributed among other Mondelez factories. In total 200 jobs are at risk, however the company management stated it will be able to do so without direct dismissals. Additionally approximately 10 million Euro will be invested in the other production lines at the facility. The dismissals will be carried out in a phased manner over 2 years. Trade unions were surprised by the news and on the day of the announcement actions were held at the facility, including a temporary strike.
Eurofound (2019), Mondelez, Outsourcing in Belgium, factsheet number 98799, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/98799.
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