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 Other Non-Metallic Mineral Products 23.1 - Manufacture of glass and glass products
171 jobs Number of planned job losses
Announcement Date
20 December 2011
Employment effect (start)
1 April 2012
Foreseen end date
31 May 2012
Description
Durobor, a Belgian glass maker located in Soignies, will reduce its workforce by 171 in the frame of a merger/ acquisition. 108 jobs will go by means of early retirement, whereas 63 jobs will be direct dismissals. The company was taken over by the Belgian-Dutch consortium H2/TVH and Sobodec Holding and negotiations on how many jobs will be retained are now finished.
At the same time the consortium and the Walloon Region will invest EUR 35 Millions over the next two years for the construction of two new furnaces.
Sources
20 December 2011: La Nouvelle Gazette
20 December 2011: Trends Le Vif
21 December 2011: La DH
20 December 2011: Skynet
Citation
Eurofound (2011), Durobor, Merger/Acquisition in Belgium, factsheet number 73186, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73186.
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