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 Basic Metals 24.1 - Manufacture of basic iron and steel and of ferro-alloys
European Globalisation Fund (EGF)
Year: 2013, Case number: 07
601 jobs Number of planned job losses
Announcement Date
25 October 2012
Employment effect (start)
31 December 2012
Foreseen end date
30 June 2013
Description
The steel production joint-venture Duferco-NLMK announced its intention to cut 601 jobs in the plant of La Louvière.
Upon the announcement of this decision the workers reacted by blocking the entrance to the plant and called for temporary work stoppage. The unions stated they did not expect such a radical measure and that they will try to save as many jobs as possible. At the moment there is no official announcement regarding the possibility of a strike.
According to the management, the dismissals are necessary in order to reduce costs and remain competitive.
Eurofound (2012), Duferco-NLMK, Internal restructuring in Belgium, factsheet number 74387, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74387.
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