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.
Transportation / Storage Warehousing, storage and support activities for transportation Support activities for transportation 52.21 - Service activities incidental to land transportation
3,774 - 4,000 jobs Number of planned job losses
Announcement Date
10 January 2017
Employment effect (start)
10 January 2017
Foreseen end date
1 January 2020
Description
Infrabel, the company that maintains Belgian railway infrastructure, has announced a significant reduction in their staff by 2020. The main reason for the restructuring is the fusion of two subsidiaries, Tuc Rail and Ixilio. In total 2200 employees less will be active at the company by 2018 and approximately 4000 by 2020. This will mean an overall reduction in staff of 27%. There will be no compulsory redundancies, according to management. The reductions will be carried out through voluntary departures or the non-replacement of retiring employees.
Sources
10 January 2017: Bruzz
10 January 2017: RTL
Citation
Eurofound (2017), Infrabel, Merger/Acquisition in Belgium, factsheet number 90313, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90313.
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