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 Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
600 jobs Number of planned job losses
Announcement Date
2 February 2012
Employment effect (start)
1 April 2012
Foreseen end date
31 December 2012
Description
Bekaert, a company specialized in the processing of metals, announced the intention to cut 600 jobs in Belgium. The plants concerned are in Aalter, Zwevegem, Deerlijk and Ingelmunster.
According to the management, there are several reasons for the restructuring: the fast and structural change of the worldwide market of solar energy, growing uncertainty about certain markets and global long-term volatility.
Currently, the unions are in negotiations with the management in an effort to reduce the number of layoffs. The timeline for the cuts is not yet known.
Earlier, the company had already announced the cut of 1,250 workplaces in China.
Sources
2 February 2012: Le Soir
Citation
Eurofound (2012), Bekaert, Internal restructuring in Belgium, factsheet number 73087, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73087.
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