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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.5 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy
172 jobs Number of planned job losses
Announcement Date
2 March 2004
Employment effect (start)
Foreseen end date
1 March 2004
Description
Ackers, manufacturer of rolling mill cylinder, decided to close its site of Seraing. The company, contrary to the very similar LBP case, will follow the Renault legislation on collective redundancy. The rise in raw material price combined with the fall of final product price and the loss of orders from Arcelor have caused this closure. The group has many production centres in Europe, where it employs 1,600 people.
Sources
2 March 2004: Les Echos
Citation
Eurofound (2004), Ackers, Closure in Belgium, factsheet number 59122, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59122.
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