Type
Relocation
Country
Belgium
Region
Vlaams Gewest;
Location of affected unit(s)
Alost, Vielsalm
Sector
Construction
Specialised Construction Activities
Specialised Construction Activities
43 - Specialised construction activities

26 jobs
Number of planned job losses
Job loss
145 jobs
Number of planned job creations
Job creation
Announcement Date
16 February 2005
Employment effect (start)
Foreseen end date

Description

Balterio, the parquet floor producer, announced on 16 February 2005 it will close its factory in Alost and relocate the whole production to the Vielsalm site. The Flemish group explained that strong competition is influencing the market and urges the need to develop and produce new concepts in a faster way within an integrated unit. Following this announcement, 26 jobs will be lost in Alost and 145 new jobs will be created in Vielsalm.


Sources

  • 17 February 2005: Les Echos

Citation

Eurofound (2005), Balterio, Relocation in Belgium, factsheet number 61162, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61162.