Philips Belgium

Type
Internal restructuring
Country
Belgium
Region
Location of affected unit(s)
Termonde, Lommel, Hasselt, Leuven, Turnhout, Bruges, Brussels
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
2,450 jobs
Number of planned job losses
Job loss
Announcement Date
11 October 2002
Employment effect (start)
1 October 2002
Foreseen end date
1 December 2003

Description

Closure of the "Composants" units in Sunnyvale (California)that will consequence to big dismissals in Belgium. Since August 2003, the Dutch group is closing-down of 50 factory out of 150 worldwide. The possible impact on the employees of the company in Belgium is still unknown.

Sources

  • 26 August 2003: Les Echos

Citation

Eurofound (2002), Philips Belgium, Internal restructuring in Belgium, factsheet number 59828, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59828.