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 (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
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.
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