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 Fabricated Metal Products, Except Machinery And Equipment 25.99 - Manufacture of other fabricated metal products n.e.c.
160 jobs Number of planned job losses
Announcement Date
14 February 2014
Employment effect (start)
28 February 2014
Foreseen end date
31 December 2014
Description
Following its bankruptcy, Thermic Distribution will lose all 160 jobs. Most of the employees had been on short time work for some time. The region and unions will try to find a new buyer. After several months of short time work, the unions are relieved that the decision was taken and hope the activities will be relaunched with a new investor.
Sources
14 February 2014: RTBF
14 February 2014: La Nouvelle Gazette
Citation
Eurofound (2014), Thermic Distribution, Bankruptcy in Belgium, factsheet number 76620, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76620.
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