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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.1 - Electric power generation, transmission and distribution
275 jobs Number of planned job losses
Announcement Date
20 January 2017
Employment effect (start)
1 February 2017
Foreseen end date
31 December 2017
Description
Electrabel a Belgian energy producer, has announced cost saving measures that would involve a reduction of staff by 275 employees. The company wants to reduce costs by €430 m by 2018. The company indicates that no direct dismissals will take place. Instead a system of voluntary leave has been announced whereby employees 53 years and older are able to leave the company and continue to receive a part of their wage in return. The employees affected are mainly administrative and support staff. There was a muted reaction by unions and employees to the announcement as in 2013 a similar operation took place.
Sources
20 January 2017: De Tijd
21 January 2017: De Standaard
Citation
Eurofound (2017), Engie Electrabel, Internal restructuring in Belgium, factsheet number 89835, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89835.
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