Sylvania

Type
Internal restructuring
Country
Belgium
Region
Vlaams Gewest; Prov. Vlaams-Brabant; Arr. Leuven
Location of affected unit(s)
Tirlemont
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.4 - Manufacture of lighting equipment
27.4 - Manufacture of lighting equipment
80 jobs
Number of planned job losses
Job loss
Announcement Date
2 March 2005
Employment effect (start)
Foreseen end date

Description

Management of the lighting equipment manufacturer Sylvania, based in Tirlemont, has announced a restructuring plan aiming at improving competitiveness. 80 jobs are to be cut.

A decrease in margins, due to constant price erosion, has made it more difficult for Sylvania to compete with market leaders. Unions understand the need for a restructuring but still hope that the number of direct dismissals will be restricted.

Sources

  • 3 March 2005: Les Echos

Citation

Eurofound (2005), Sylvania, Internal restructuring in Belgium, factsheet number 61244, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61244.