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.
Philips Lighting in Turnhout is to cut another 159 jobs, 82 white-collar employees and 77 blue-collar employees. The restructurings at the establishment follow in rapid succession: the previous restructuring occurred at the end of 2014 (140 jobs cut) and there have been a series of job reductions on at least an annual basis in recent years. The Turnhout facility is Philips' last major production unit in Belgium and employs just over a 1000 workers. The section that deals with shops and shop-window lighting has been experiencing specific difficulties recently. Causes cited are the economic crisis and increasing online trade.
Eurofound (2015), Philips Lighting, Internal restructuring in Belgium, factsheet number 85553, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85553.