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.
Région Bruxelles-Capitale / Brussels Hoofdstedelijke Gewest;
Location of affected unit(s)
Sector
Administrative Services Office Administrative, Office Support And Other Business Support Activities Business Support Service Activities N.E.C. 82.99 - Other business support service activities n.e.c.
195 jobs Number of planned job losses
Announcement Date
21 April 2017
Employment effect (start)
Foreseen end date
Description
Vinçotte, a Belgian accredited inspection and certification organisation, has announced the dismissal of 195 of its employees. The main reason behind the dismissals, according to the firm, are the need to modernise the company by increasing investments and reducing costs. The company's management states the company has failed to grow within an expanding market and is facing an increase in competition. Trade unions have announced they will undertake actions if the company refuses to withdraw its restructuring plans.
Sources
21 April 2017: Trends
21 April 2017: De Redactie
Citation
Eurofound (2017), Vinçotte, Internal restructuring in Belgium, factsheet number 90765, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90765.
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