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.
Tessenderlo Group, a Belgian multinational group specialised in the production of food products has announced its plan to restructure its facility in Vilvoorde, in total 106 employees are at risk of losing their job.
In a press release, the company management states that Tessenderlo currently faces significant challenges in the bone gelatine market. These include declining demand in the Western world, a market shift towards alternative products, and customers migrating to low-wage countries.
In addition to the facility in Vilvoorde, the UK-based facility in Treforst, employing 93 workers, faces closure.
Eurofound (2024), PB Leiner, Internal restructuring in Belgium, factsheet number 202101, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202101.