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.
Proximus, a Belgian telecommunications company, announced a 10 % reduction in its workforce, translating to about 1 200 jobs, affecting employees across the country.
The change follows a strategy shift toward domestic growth and a significant cut in the dividend. The restructuring is driven by the need to invest over €1.2 billion annually in fiber-optic networks and by the rise of new technologies that enable automation, particularly AI, to maintain service levels with fewer staff. The 1 200 jobs will fade through natural attrition.
Proximus currently employs about 13 000 people; the 10 % cut will be phased over several years, with the first reductions expected to begin in 2026.
Eurofound (2026), Proximus, Internal restructuring in Belgium, factsheet number 204588, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204588.