Type
Internal restructuring
Country
Belgium
Region
Vlaams Gewest; Prov. Antwerpen; Arr. Antwerpen
Location of affected unit(s)
Olen, Louvain-la-Neuve
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24 - Manufacture of basic metals

126 - 205 jobs
Number of planned job losses
Job loss
Announcement Date
16 May 2003
Employment effect (start)
Foreseen end date

Description

The management would like to avoid direct dismissals and count on natural bearing of personnel, nonrenewals of temporary contracts, early retirements and outplacement measures. The group decided in September 2003 to close at the end of the year its engineering departmentlocated at Louvain-la-Neuve which employed 75 persons.


Sources

  • 17 May 2003: Le Soir
  • 17 May 2003: Les Echos
  • 24 September 2003: Les Echos

Citation

Eurofound (2003), Umicore, Internal restructuring in Belgium, factsheet number 59720, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59720.