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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.4 - Manufacture of electric lighting equipment
225 jobs Number of planned job losses
Announcement Date
20 April 2009
Employment effect (start)
1 June 2009
Foreseen end date
31 December 2009
Description
Philips, the manufacturer of lighting equipment, is about to cut 225 jobs at its plant in Turnhout, Flanders. This internal restructuring will concern 111 blue-collar workers, 63 white-collar workers, and 51 workers from the middle-management. The company reported that this decision was a hard consequence of the financial crisis, which affected demand for its products. Philips has affected two other restructuring processes on its Brugge plant in 2009.
Sources
21 April 2009: L'Echo
Citation
Eurofound (2009), Philips, Internal restructuring in Belgium, factsheet number 69499, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69499.
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