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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
430 jobs Number of planned job losses
Announcement Date
8 October 2002
Employment effect (start)
Foreseen end date
1 January 2004
Description
This Belgian restructuring plan affecting 430 employees is part of the worldwilde restructuring plan of Bayer. The belgian restructuring hits the "polymer" division. There are no direct dismissals, trade unions and management have finally found an agreement on the restructuring plan. The trade unions have obtained the guarantee that in the event of new dismissals before 2008, the allowances to the workers will be equivalent to those of the employees. The company BSI is closing due to this restructuring (see BSI factsheet).
Sources
7 May 2003: Les Echos
8 October 2002: Les Echos
5 March 2003: Les Echos
13 December 2003: Les Echos
Citation
Eurofound (2002), Bayer Belgium, Internal restructuring in Belgium, factsheet number 58845, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/58845.
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