Type
Internal restructuring
Country
Belgium
Region
Région Wallonne; Prov. Hainaut; Arr. Charleroi
Location of affected unit(s)
Heppignies
Sector
Manufacturing
Manufacture, Printing And Reproduction Of Recorded Media
Printing And Reproduction Of Recorded Media
18.12 - Other printing

111 jobs
Number of planned job losses
Job loss
Announcement Date
11 April 2012
Employment effect (start)
25 June 2012
Foreseen end date
31 December 2012

Description

Belgian industrial printing company Hélio Charleroi, which is part of the Dutch Circle Printers group, informed their Works Council of their intention to reduce its workforce by 111 (of which 90 blue collar workers and 21 white collar workers). 

The management attributes the job cuts to overcapacity and industry's price war in Europe following the decline of demand of printed products. The 'Renault' procedure has been launched to define the conditions of the internal restructuring. The company employs some 262 people at the Heppignies site.


Sources

  • 11 April 2012: Le Soir
  • 11 April 2012: RTBF.be

Citation

Eurofound (2012), Hélio Charleroi, Internal restructuring in Belgium, factsheet number 73405, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73405.