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.
Riva, a Belgian steel manufacturer, announced the cutting of 180 industrial jobs at its Thy-Marcinelle steel plant in Charleroi.
The restructuring is driven by a deterioration in activity at the steel plant, which has been operating at reduced capacity for several months. The company is affected by strong competition from Asian steel products and by a slowdown in the construction sector, which has weakened demand and put pressure on production levels.
The jobs concern blue-collar workers and specifically to the hot phase of steelmaking operations. The plan was presented during a special works council meeting, according to the trade unions. The unions have scheduled a staff meeting to inform workers and discuss the situation. The plant, which had fewer than 500 employees at the beginning of 2025, will see a 36% drop in staff.
Eurofound (2026), Riva, Internal restructuring in Belgium, factsheet number 204618, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204618.