Pasec NV

Type
Internal restructuring
Country
Belgium
Region
Vlaams Gewest; Prov. Antwerpen; Arr. Antwerpen
Location of affected unit(s)
Malle
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
107 jobs
Number of planned job losses
Job loss
Announcement Date
19 March 2019
Employment effect (start)
1 April 2019
Foreseen end date

Description

Pasec NV, a manufacturer of wooden cases and pallets for the transport sector has announced it will be dismissing the majority of its 137 employees. The company management states that the main reasoning behind the restructuring is increasing competition and decreasing profit margins.

Sources

Citation

Eurofound (2019), Pasec NV, Internal restructuring in Belgium, factsheet number 97375, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97375.