Type
Internal restructuring
Country
Belgium
Region
Location of affected unit(s)
Termonde, Lommel, Hasselt, Leuven, Turnhout, Bruges, Brussels
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

2,450 jobs
Number of planned job losses
Job loss
Announcement Date
11 October 2002
Employment effect (start)
1 October 2002
Foreseen end date
1 December 2003

Description

Closure of the "Composants" units in Sunnyvale (California)that will consequence to big dismissals in Belgium. Since August 2003, the Dutch group is closing-down of 50 factory out of 150 worldwide. The possible impact on the employees of the company in Belgium is still unknown.


Sources

  • 26 August 2003: Les Echos

Citation

Eurofound (2002), Philips Belgium, Internal restructuring in Belgium, factsheet number 59828, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59828.