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 Wood And Paper Materials Manufacture Of Paper And Paper Products 17.12 - Manufacture of paper and paperboard
131 jobs Number of planned job losses
Announcement Date
23 April 2015
Employment effect (start)
Foreseen end date
Description
Adhesives manufacturer MACtac Europe has announced a reorganisation which will result in the loss of 131 jobs at its headquarters in Zinnik (Soignies) and another 44 jobs will go at the production site in Genk (Limburg). The company plans to to make new investments and centralise production in the Soignies location. This move will result in the closure of the Genk site.
According to the company's management, these measures are necessary to ensure the profitability of the company and the continuation of its activities in Belgium.
The restructuring did not come as a surprise to trade unions which lamented the lack of investments since 2006.
Sources
23 April 2015: VRT Nieuws
Citation
Eurofound (2015), MACtac Europe, Internal restructuring in Belgium, factsheet number 79360, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79360.
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