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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.92 - Manufacture of machinery for mining, quarrying and construction
200 - 500 jobs Number of planned job losses
Announcement Date
29 June 2012
Employment effect (start)
1 September 2012
Foreseen end date
24 December 2012
Description
The management of Caterpillar Belgium, a company specializing in the manufacturing of construction machines, announced its intention to downsize employment. 200 fixed-term contracts will not be renewed and further cuts are not excluded. The decision is due to the 30% decrease compared to the financial objectives for the second half of 2012.
Unions and the management will analyse the situation and try to find solutions to keep a maximum of workers in the plant or put some of them on temporary unemployment and hence reduce the number of jobs cut.
Sources
28 June 2012: La Nouvelle Gazette
29 June 2012: L'Echo
Citation
Eurofound (2012), Caterpillar Belgium, Internal restructuring in Belgium, factsheet number 73946, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73946.
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