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 Basic Metals 24.44 - Copper production
64 jobs Number of planned job losses
Announcement Date
20 November 2008
Employment effect (start)
1 December 2008
Foreseen end date
31 December 2008
Description
Cumerio, a copper manufacturer and subsidiary of the German company Norddeutsche Affinerie, is to close one of its site employing 64 people.
Cumerio, located in Olen in the province of Antwerp, will close one of the five divisions of the site that employs in total around 500 people. This division produces copper products for roof and water pipes, products that lost their competitive value with regard to plastic and aluminum.
Sources
21 November 2008: La Libre Belgique
21 November 2008: L'Echo
Citation
Eurofound (2008), Cumerio, Internal restructuring in Belgium, factsheet number 67470, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67470.
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