Agfa-Gevaert

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20.5 - Manufacture of other chemical products
20.5 - Manufacture of other chemical products
1,050 jobs
Number of planned job losses
Job loss
Announcement Date
18 November 2004
Employment effect (start)
Foreseen end date

Description

Following a drop of 34.3% of its net result for the third quarter of 2004, Agfa-Gevaert, manufacturer of analogue and digital products and systems for the making, processing and reproduction of images, has announced drastic measures with the cut of 1,050 jobs throughout the world. This restructuring programme comes as a significant element in the cost-reducing strategy of the group.

Sources

  • 19 November 2004: Les Echos

Citation

Eurofound (2004), Agfa-Gevaert, Internal restructuring in World, factsheet number 60860, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60860.