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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.43 - Manufacture of ceramic insulators and insulating fittings
146 jobs Number of planned job losses
Announcement Date
31 January 2006
Employment effect (start)
Foreseen end date
Description
The manufacturer of porcelain insulators, NGK Europe, announced on 31 January 2006 the closure of its plant in Baudour. 115 workers and 31 employees are to lose their job in the process. Following a fall of the demand on the European market, only suppliers offering low costs products on the market are to maintain a market share. Many clients of the company have delocalised their production to China and India, and thus use substrates produced locally.
Workers were expecting some bad news, but didnt thing the restructuring would be concluded with a closure.
Sources
2 February 2006: La Libre Belgique
Citation
Eurofound (2006), NGK Europe, Closure in Belgium, factsheet number 62952, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62952.
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