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 22.21 - Manufacture of plastic plates, sheets, tubes and profiles
136 jobs Number of planned job losses
Announcement Date
11 June 2012
Employment effect (start)
1 August 2012
Foreseen end date
31 December 2012
Description
Renolit, a company specializing in seals and furnitures fo the graphics sector, announced its intention to close the business and therefore cut 136 jobs in Belgium.
According to the Renolit management, the decision is due to the company's economic problems, the costs of raw materials and high competition within the sector. It is reported that the decision of the closure has been a surprise to the unions, who expected Renolit would file for bankruptcy instead.
Sources
8 June 2012: Le Soir
Citation
Eurofound (2012), Renolit, Closure in Belgium, factsheet number 73754, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73754.
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