Atradius

Type
Internal restructuring
Country
Belgium
Region
Région Wallonne; Prov. Namur; Arr. Namur
Location of affected unit(s)
Namur, Antwerp
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
90 jobs
Number of planned job losses
Job loss
Announcement Date
30 November 2004
Employment effect (start)
Foreseen end date
30 December 2006

Description

The insurance company Atradius will cut off 15% of its workforce before end 2006. Out of the 600 targeted jobs, 90 will be discontinued in the Belgian units of Namur and Antwerp (55O people are currently working on these two sites). In order to improve net profits, several services are to disappear, the company's strategy being to focus on its core activity.

Sources

  • 30 November 2004: Les Echos

Citation

Eurofound (2004), Atradius, Internal restructuring in Belgium, factsheet number 60883, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60883.