Type
Closure
Country
Belgium
Region
Vlaams Gewest; Prov. Limburg (B); Arr. Maaseik
Location of affected unit(s)
Opglabbeek
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Computer, Electronic And Optical Products
26 - Manufacture of computer, electronic and optical products

128 jobs
Number of planned job losses
Job loss
Announcement Date
4 May 2006
Employment effect (start)
Foreseen end date

Description

The technology company, Nexans, has announced the closure of its plant in Opglabbeek. 128 people will be made redundant. Nexans is a manufacturer of cables for the telecom sector (ADSL connection cables etc.)

According to the management, the closure is due to the slow down in demand for this type of product and fierce competition from low labour cost countries.


Sources

  • 4 May 2006: Het Belang van Limburg

Citation

Eurofound (2006), Nexans, Closure in Belgium, factsheet number 63441, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63441.