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.
Belgian railway company SNCB/NMBS is to cut around 1,000 jobs by means of natural attrition by the end of 2018.
According to media reports, the cost-cutting restructuring is aimed at stabilising the company’s debt. As reported, in the framework of a re-organisation the plan evisages a reduction of up to 1,144 jobs in all group organisations: SNCB, Infrabel and HR Rail.
The unions expressed fears that the real number of redundancies will be up to 4,000 and announced demonstrations to oppose the plan.
SNCB/NMBS has recently announced plans to create 174 FTE jobs in 2014.
Eurofound (2013), SNCB/NMBS, Internal restructuring in Belgium, factsheet number 76218, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76218.