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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.93 - Manufacture of wire products, chain and springs
136 jobs Number of planned job losses
Announcement Date
27 June 2008
Employment effect (start)
1 September 2008
Foreseen end date
31 December 2008
Description
The group Bekaert, a manufacturer of wire products, has announced that it is to cut 136 jobs with the closure of its plant at Lanklaar in Limburg. Bekaert states that the decision to close the plant is due to increased competition and the difficulty to keep low prices. However, two new plants will be build, respectively in Russia and China.
Eurofound (2008), Bekaert, Closure in Belgium, factsheet number 66795, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66795.
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