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.
Terumo Europe, the European part of the Japanese medical devices group Terumo, is going to cut 210 jobs at its headquarters in Haasrode, Leuven. The jobs of 94 white-collar workers, 70 blue-collar workers and 46 staff members are threatened. The employees all work in the department ‘Hospital and Laboratory’, producing needles and tubes for blood collection.
Reforms in the health sector, raising production costs and increasing competition from low-wage countries are mentioned as the causes for the restructuring. If the intended plan would be implemented, 260 employees could be impacted in Europe by March 2016, on a total of approximately 1,200 today (including thus the 210 employees in Belgium).
The company is committed to comply with all legal regulations and has started the information and consultation process with employee representatives, as foreseen by the law on collective dismissals.
Eurofound (2014), Terumo, Internal restructuring in Belgium, factsheet number 77807, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77807.