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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
76 jobs Number of planned job losses
Announcement Date
2 October 2004
Employment effect (start)
Foreseen end date
Description
Alcatel has announced the redundancy of 76 employees out of a total of 378 n Geel. No direct dismissals are foreseen, but rather voluntary departures, early retirement measures, and, for 30 employees, transfer to some of the company's subcontractors. The Geel production unit will concentrate on high-added-value products, as it cannot compete with other production units of the group on low-added-value products (in China and Mexico).
Sources
2 October 2004: Les Echos
Citation
Eurofound (2004), Alcatel, Internal restructuring in Belgium, factsheet number 60695, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60695.
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