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.
RTL Belgium has decided to implement a transformation plan called '#Evolve'. This is intended to respond to the changing media environment with the growth of social media and to strengthen the 30-year-old commercial television channel RTL-TVI against emerging sources of competition for revenues. The channel is the most important commercial TV station in the French-speaking part of Belgium. Recently, French TF1 entered the Belgian market for TV advertising by introducing specific advertisement blocs aimed at the Belgian French-speaking audience.
At an extraordinary works council of 14 September 2017 RTL announced the plans. Based on Belgian restructuring law (the so-called law Renault-Vilvoorde) a phase of negotiations and talks with the trade unions has started in order to discuss the restructuring plan.
Eurofound (2017), RTL TVI, Internal restructuring in Belgium, factsheet number 91971, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91971.