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 Electrical Equipment 27.4 - Manufacture of electric lighting equipment
80 jobs Number of planned job losses
Announcement Date
2 March 2005
Employment effect (start)
Foreseen end date
Description
Management of the lighting equipment manufacturer Sylvania, based in Tirlemont, has announced a restructuring plan aiming at improving competitiveness. 80 jobs are to be cut.
A decrease in margins, due to constant price erosion, has made it more difficult for Sylvania to compete with market leaders. Unions understand the need for a restructuring but still hope that the number of direct dismissals will be restricted.
Sources
3 March 2005: Les Echos
Citation
Eurofound (2005), Sylvania, Internal restructuring in Belgium, factsheet number 61244, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61244.
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