Type
Merger/Acquisition
Country
Belgium
Region
Région Wallonne; Prov. Hainaut; Arr. Mouscron
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13.2 - Weaving of textiles

74 jobs
Number of planned job losses
Job loss
Announcement Date
2 November 2006
Employment effect (start)
1 January 2007
Foreseen end date

Description

The company De Poortere Frères, specialised in cord weaving for furniture, is bankrupt. Another company, SA Escolys has announced its decision to take the De Poortere Frères activities over and to invest 4 million euro in the company. However, out of the 300 workers employed in the company, 40 will be made redundant and 34 will receive early retirement.


Sources

  • 4 November 2006: Le Soir

Citation

Eurofound (2006), De Poortere Frères, Merger/Acquisition in Belgium, factsheet number 64441, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64441.