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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.32 - Manufacture of other parts and accessories for motor vehicles
350 jobs Number of planned job losses
Announcement Date
1 September 2015
Employment effect (start)
Foreseen end date
Description
The establishment of Bosal Benelux in Westerlo has been declared bankrupt. Since May 2015, the producer of exhaust pipes for motor vehicles has been under administrative protection from financial creditors. Nonetheless, the trade unions have indicated surprise at the bankruptcy referring to ongoing contacts with other companies for a potential take-over.
Sources
2 September 2015: De Standaard
1 September 2015: De Tijd
Citation
Eurofound (2015), Bosal Benelux, Bankruptcy in Belgium, factsheet number 84602, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84602.
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