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 Wood And Paper Materials Manufacture Of Paper And Paper Products 17 - Manufacture of paper and paper products
147 jobs Number of planned job losses
Announcement Date
19 September 2006
Employment effect (start)
1 January 2007
Foreseen end date
Description
On 19 September 2006, the management of Arjo Wiggins Belgium, a manufacturer of self-copying paper, announced a new restructuring plan which will affect 147 employees. 67 manual workers and 80 staff are to be dismissed at the Nivelles site before the plant is relocated to Virginal. The reason given by the management to justify this move is the need for the company to adapt itself to the recent market developments. In this sense, the European market has undergone a 10% annual decrease in the self-copying paper products' demand.
Sources
20 September 2006: Le Soir
Citation
Eurofound (2006), Arjo Wiggins, Relocation in Belgium, factsheet number 64121, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64121.
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