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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.1 - Preparation and spinning of textile fibres
170 jobs Number of planned job losses
Announcement Date
12 January 2005
Employment effect (start)
Foreseen end date
Description
Management of the textile company Fabelta Ninove announced it is to close its artificial silk factory. 170 people will be made redundant. Fabelta blamed strong competition from synthetic silk producers. In 1998, the company had already relocated a part of its production in the Czech Republic. Workers were not surprised by the announcement but didn't expect it to be on such a large scale, as they thought one third of the jobs would be saved.
Sources
12 January 2005: Les Echos
Citation
Eurofound (2005), Fabelta Ninove, Closure in Belgium, factsheet number 61083, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61083.
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