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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.1 - Manufacture of glass and glass products
200 jobs Number of planned job losses
Announcement Date
12 April 2017
Employment effect (start)
30 June 2017
Foreseen end date
Description
Durubor, a Belgian manufacturer of glass products established in Zinnik, has announced its closure. In total all 200 employees will be affected and are at risk of losing their job. Walloon economics minister Jean-Claude Marcourt has previously indicated concerns with regards to the company's financial situation. Trade unions are however surprised with the sudden decision to declare bankruptcy. They see the ongoing demand to reduce prices by their biggest clients as one of the main factors that has led to the company's downfall. Trade union representatives state they have received very little information from the company management so far and many things remain unclear. A Walloon investment group (Sogepa) has announced it will continue to support the company until 30th of June this year.
Sources
12 April 2017: De Morgen
12 April 2017: De Tijd
Citation
Eurofound (2017), Durobor, Bankruptcy in Belgium, factsheet number 90709, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90709.
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