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 - Manufacture of rubber and plastic products
110 jobs Number of planned job losses
Announcement Date
17 November 2009
Employment effect (start)
31 December 2009
Foreseen end date
Description
Recticel, a manufacturer of polyurethane foam products, will restructure its manufacturing activities in Wetteren and has announced plans to cut 110 jobs. The reason for the restructuring is the crisis in the automotive sector. Specifically, the contract of the firm to supply car manufacturer Mercedes with dashboard skins comes to an end in 2010 and will not be renewed. Mercedes has explicitly asked for these components to be supplied from a single site in Germany as of 2011. This request was based on quality aspects, other technical criteria and the need to save on logistics expenses, according to a Recticel company press release.
Sources
18 November 2009: La Libre Belgique
18 November 2009: L'Echo
Citation
Eurofound (2009), Recticel, Internal restructuring in Belgium, factsheet number 69906, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69906.
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