Avery Dennison

Type
Internal restructuring
Country
Belgium
Region
Région wallonne; Prov. Hainaut; Arr. Soignies
Location of affected unit(s)
Soignies
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17 - Manufacture of paper and paper products
17 - Manufacture of paper and paper products
220 jobs
Number of planned job losses
Job loss
Announcement Date
29 June 2020
Employment effect (start)
23 June 2020
Foreseen end date

Description

Avery Dennison, an American multinational producer and distributor of pressure sensitive adhesive materials, has announced it will be reducing its workforce at the facility in Soignies by around a third. The company management has stated that the company has suffered significantly due to the Covid-19 crisis with a 40% slump in sales volumes, as both the advertising- and events-sectors have slowed down. 220 workers will lose their jobs in stages by June 2021, including 135 permanent staff.

Sources

Citation

Eurofound (2020), Avery Dennison, Internal restructuring in Belgium, factsheet number 101277, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101277.