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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.1 - Manufacture of basic iron and steel and of ferro-alloys
200 - 300 jobs Number of planned job losses
Announcement Date
18 October 2003
Employment effect (start)
Foreseen end date
Description
Industeel Belgium announced a new restructuring plan affecting between 200 and 300 jobs at Charleroi. Primarily contracts with limited duration will not be renewed and temporary contracts will be removed (half of the dismissals will concern temporary workers). The measure is linked to the transfer of Industeel towards the German group Dillinger Hütte (Arcelor 51 %).
In 2002, 200 workers had already been made redundant as part of a previous plan of the ex- Fafer, now renamed Industeel.
Sources
18 October 2003: Les Echos
1 November 2003: Les Echos
13 December 2003: Les Echos
Citation
Eurofound (2003), Industeel Belgium, Internal restructuring in Belgium, factsheet number 59540, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59540.
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