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.
Based in the Northern city of Clervaux, the Tarkett company announced in April 2024 to dimiss 126 employees. The management had justified its decision by stopping its 4M coating line by the end of the year, due to a difficult economic situation. The representative trade unions OGBL and LCGB achieved to negotiate a social plan that was signed in May 2024 and that reduced the number of dismissed employees to 91.
While a significant number of employees will benefit from early retirement schemes, the social plan also put forwards a job guarantee until the 31 of December 2026 for the remaining employees, as well as bonus incentives for voluntary leaves.
Eurofound (2024), Tarkett, Internal restructuring in Luxembourg, factsheet number 201201, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201201.