Type
Internal restructuring
Country
Belgium
Region
Location of affected unit(s)
Bruxelles, Li├Ęge
Sector
Retail
Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles
Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles
45 - Wholesale and retail trade and repair of motor vehicles and motorcycles

70 jobs
Number of planned job losses
Job loss
Announcement Date
31 October 2006
Employment effect (start)
28 December 2006
Foreseen end date

Description

Reagroup Belgium, a subsidiary distribution company of the French car manufacturer Renault, announced on 31 October 2006 its plans to implement a restructuring plan which will affect approximately 70 members of the staff.

According to the management of the firm, Reagroup is facing operating losses. The purpose of the plan is to help the company break even in 2007 and to make a profit in 2008.


Sources

  • 2 November 2006: L'Echo
  • 31 October 2006: Het Nieuwsblad
  • 31 October 2006: De Standaard

Citation

Eurofound (2006), Reagroup, Internal restructuring in Belgium, factsheet number 64359, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64359.