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.
Région Bruxelles-Capitale / Brussels Hoofdstedelijke Gewest;
Location of affected unit(s)
Sabena Technics Brussels
Sector
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.2 - Support activities for transportation
371 jobs Number of planned job losses
Announcement Date
22 January 2009
Employment effect (start)
2 February 2009
Foreseen end date
28 February 2009
Description
The aircrafts maintenance company, Sabena technics, is about to cut 371 jobs in its Brussels' branch. The company ended the year 2008 with a loss of 13 million Euros. Management intends to introduce a restructuring plan aimed at reducing the production costs and improving productivity. Besides the job reduction, a new organisational structure will be implemented in the company to keep the company running. The critical financial situation of the company has worsened with the slowdown of the air transport sector.
Sources
22 January 2009: La Libre Belgique
23 January 2009: L'Echo
Citation
Eurofound (2009), Sabena Technics, Internal restructuring in Belgium, factsheet number 67916, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67916.
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