Type
Internal restructuring
Country
Belgium
Region
Vlaams Gewest; Prov. Limburg (B); Arr. Hasselt
Location of affected unit(s)
Lanaken
Sector
Manufacturing
Manufacture Of Wood And Paper Materials
Manufacture Of Paper And Paper Products
17 - Manufacture of paper and paper products

30 - 123 jobs
Number of planned job losses
Job loss
Announcement Date
5 July 2006
Employment effect (start)
Foreseen end date

Description

Sappi, the South African paper manufacturer, has announced 123 redundancies at its Lanaken plant as part of its restructuring programme; of these, about 30 will be compulsory redundancies. The Lanaken plant needs to make savings of EUR 15.3 million. Management has stated that the plant’s future is secure.


Sources

  • 6 July 2006: L'Echo

Citation

Eurofound (2006), Sappi, Internal restructuring in Belgium, factsheet number 63739, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63739.