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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
225 jobs Number of planned job losses
Announcement Date
12 February 2009
Employment effect (start)
2 March 2009
Foreseen end date
31 December 2009
Description
Gates is about to cut 225 jobs at its production plant in Aalst, Flanders, which manufactures rubber tubes. Because of a 50% decrease in demand for rubber tubes, the company decided to close its production site located in the north of Belgium, which employs 177 blue-collars and 48 white-collars. In total, 225 jobs will be lost while, for now, the distribution center is not concerned. Gates provides rubber tubes to the automobile and manufacturing industries.
Sources
12 February 2009: De Tijd
Citation
Eurofound (2009), Gates Europe, Closure in Belgium, factsheet number 68184, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68184.
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