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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture Of Parts And Accessories For Motor Vehicles
New offshoring locations
Poland
111 jobs Number of planned job losses
Announcement Date
12 September 2024
Employment effect (start)
1 January 2025
Foreseen end date
Description
Bandag, a producer of tyres specialised in retreading, and part of the international Bridgestone group, has announced it will be closing its facility in Dilsen-Stokkem. All 111 employees are at risk of losing their job.
According to the company management, the European market has shrunk significantly over the past decade (-30 per cent) due to imports of cheap tyres from East Asia, leading to overcapacity and uncompetitive production costs. Previous efforts to save the company from closure and delocalisation have failed and production will now be moved to Poland.
As prescribed in the Renault Law, unions and company management will now commence with consultation and information rounds.
Eurofound (2024), Bandag, Offshoring/Delocalisation in Belgium, factsheet number 201613, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201613.
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