Mercator

Type
Internal restructuring
Country
Belgium
Region
Vlaams Gewest; Prov. Antwerpen;
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
192 jobs
Number of planned job losses
Job loss
Announcement Date
21 February 2003
Employment effect (start)
Foreseen end date

Description

Threatened jobs are spread in different sector of the group :

  • 110 at Mercator Assurances

  • 82 at Mercator Bank

58 jobs have been saved after long negociation by the trade unions.

Citation

Eurofound (2003), Mercator, Internal restructuring in Belgium, factsheet number 59119, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59119.