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. 28.21 - Manufacture of ovens, furnaces and furnace burners
142 jobs Number of planned job losses
Announcement Date
6 February 2015
Employment effect (start)
Foreseen end date
Description
The Belgian manufacturer of traditional boilers / heat generators, ACV, based in Seneffe, has announced a collective dismissal of 142 employees. It is suffering from a shrinking market, increasing competition and an increased pressure on prices. Moreover, from September 2015, new European regulation will prohibit the production/distribution of some existing types of boiler.
ACV had turnover of 100m euros in 2014, 85% of output going for export.
Sources
6 February 2015: La Dernière Heure
Citation
Eurofound (2015), ACV, Internal restructuring in Belgium, factsheet number 78605, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78605.
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