Type
Internal restructuring
Country
Belgium
Region
Vlaams Gewest; Prov. Antwerpen; Arr. Antwerpen
Location of affected unit(s)
Mortsel
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Chemicals And Chemical Products
20.59 - Manufacture of other chemical products n.e.c.

167 jobs
Number of planned job losses
Job loss
Announcement Date
28 February 2008
Employment effect (start)
1 March 2008
Foreseen end date
1 March 2010

Description

Agfa Gevaert, which specialises in graphical and medical imagery techniques, has announced a cut of up to 167 workers at their site in Mortsel, Antwerp. This decrease is directly due to the announcement of the losses for 2007. These losses are assessed to an amount of 27 million euro. According to the management, the turnover suffered from the high cost of the euro and from the slowdown of the US economy that caused increasing costs for raw materials.


Sources

Citation

Eurofound (2008), Agfa Gevaert, Internal restructuring in Belgium, factsheet number 66418, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66418.