Vinçotte

Type
Internal restructuring
Country
Belgium
Region
Région de Bruxelles-Capitale/Brussels Hoofdstedelijk Gewest; Région de Bruxelles-Capitale/Brussels Hoofdstedelijk Gewest; Arr. de Bruxelles-Capitale/Arr. Brussel-Hoofdstad
Location of affected unit(s)
Sector
Adminstrative / Support Services
82 - Office administrative, office support and other business support activities
82.9 - Business support service activities n.e.c.
82.99 - Other business support service activities n.e.c.
195 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/90765.