Van Pelt

Type
Internal restructuring
Country
Belgium
Region
Vlaams Gewest; Prov. Limburg (B); Arr. Hasselt
Location of affected unit(s)
Lummen
Sector
Manufacturing
Manufacturing Of Furniture And Other Manufacturing
Manufacture Of Furniture
31 - Manufacture of furniture
90 jobs
Number of planned job losses
Job loss
Announcement Date
4 April 2006
Employment effect (start)
Foreseen end date

Description

On April 4th, 2006, a furniture manufacturing company, called Van Pelt, located in the province of Limburg, announced a restructuring plan intended to reverse the heavy decline in sales over the last few years. In 2000, the turnover of the company stood at more than 35 million Euro but has since fallen to 21 million Euro in 2005. Half of company workforce will lose their jobs (90 jobs out of 184).

Sources

  • 5 April 2006: De Tijd

Citation

Eurofound (2006), Van Pelt, Internal restructuring in Belgium, factsheet number 63291, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63291.