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.
C&A, a Dutch chain of clothing retailers has announced the dismissal of 70 of its 570 employees at its offices in Vilvoorde. The dismissal is presented as part of an effort to improve the competitiveness and viability of the company. The employees facing dismissal are active in the European headquarters of the company. All are white collar workers. Since it is the first round of dismissals of this magnitude at Vilvoorde, the employees were reported to be surprised when receiving the news. Trade unions are however relieved the amount of jobs lost remains limited to 70, as rumours suggested significantly higher numbers.
Eurofound (2017), C&A, Internal restructuring in Belgium, factsheet number 90500, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90500.