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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.16 - Manufacture of plastics in primary forms
70 jobs Number of planned job losses
Announcement Date
9 January 2013
Employment effect (start)
31 January 2013
Foreseen end date
30 June 2013
Description
Dow Corning Corporation announced its intention to cut 500 jobs worldwide, 70 of which concern the unit in Belgium.
According to the management, the company's reason for restructuring is that the costs should be aligned with the current volatility of the economy. On the other side, the unions expressed their surprise following the announcement. The 'Renault procedure' on collective dismissals has been launched, during which the unions have stated their intention to negotiate in order to avoid forced dismissals.
Dow Corning specializes on the development and manufacture of silicon products.
Sources
9 January 2013: rtl.be
9 January 2013: La Libre
9 January 2013: Dh.be
Citation
Eurofound (2013), Dow Corning, Internal restructuring in Belgium, factsheet number 74750, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74750.
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