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. 28.13 - Manufacture of other pumps and compressors
124 jobs Number of planned job losses
Announcement Date
27 January 2015
Employment effect (start)
31 March 2015
Foreseen end date
Description
The manufacturer of mechanical and hydraulic components Wema from Zedelgem closes at the end of March. The company announced its intention to terminate the activities and that all 124 workers,97 workers and 27 employees, will be dismissed through collective redundancy procedure.The company encountered financial difficulties after the 2008 crisis and lost some major clients in the last couple of years.
Sources
27 January 2015: Het Nieuwsblad
Citation
Eurofound (2015), Wema, Closure in Belgium, factsheet number 88090, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88090.
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