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.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17 - Manufacture of paper and paper products
220 jobs Number of planned job losses
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.
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