Punch Plastics

Type
Internal restructuring
Country
Belgium
Region
Vlaams Gewest; Prov. Limburg (BE); Arr. Maaseik
Location of affected unit(s)
Overpelt
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22 - Manufacture of rubber and plastic products
22 - Manufacture of rubber and plastic products
170 jobs
Number of planned job losses
Job loss
Announcement Date
8 December 2004
Employment effect (start)
Foreseen end date
31 December 2004

Description

Punch Plastics, manufacturer of intermediate products for the automotive industry, will lay off 170 people before the end of 2004. In December 2004, 417 employees were working in Overpelt. Unions fear a relocation of the whole unit in Slovakia, in the near future.

Sources

  • 9 December 2004: Les Echos

Citation

Eurofound (2004), Punch Plastics, Internal restructuring in Belgium, factsheet number 60878, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60878.