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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
83 - 104 jobs Number of planned job losses
Announcement Date
5 October 2004
Employment effect (start)
Foreseen end date
31 December 2004
Description
Durobor, producer of glasses, will suppress 83 jobs out of a total of 450 in Soignies. The company had already terminated 50 temporary contracts in July 2004. Furthermore, for the employees remaining with the company, the overall wage bill will be downsized by 12.7%. The global market for glass products has been declining by 15% a year since 2001. Production costs are rising and selling prices decreasing. Company stated that compulsory redundancies could not be avoided.
Sources
5 October 2004: Les Echos
Citation
Eurofound (2004), Durobor, Internal restructuring in Belgium, factsheet number 60696, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60696.
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