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.
Dow Corning a multinational company specialized in the production of silicon and silicon-based products has announced the dismissal of 92 employees at its facility in Sernesse. The layoffs are part of a bigger reorganisation effort by Dow Corning across the globe, which in its turn is the consequence of its recent acquisition by Dow Chemical. The dismissals were announced around June this year but only recently has the definitive number of layoffs been confirmed. Trade unions will now discuss the number of employees that will leave voluntarily and those that will be forced to leave. In total 2500 Dow Corning/ Dow Chemical employees worldwide will lose their jobs following the merger.
Eurofound (2016), Dow Corning Europe, Merger/Acquisition in Belgium, factsheet number 88948, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88948.