Type
Internal restructuring
Country
Belgium
Region
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

100 - 500 jobs
Number of planned job losses
Job loss
Announcement Date
25 August 2003
Employment effect (start)
1 September 2003
Foreseen end date

Description

The restructuring plan is set up on two phases. The first target is the management of the company with 20% of the executives (40 workers). The second phase would touch to 500 workers (employees with university level = level 1). This reorganization is to put in connection with the prospect for company's entry in the Stock Exchange.


Sources

  • 26 August 2003: Les Echos
  • 25 August 2003: Les Echos

Citation

Eurofound (2003), Belgacom, Internal restructuring in Belgium, factsheet number 59926, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59926.