Mitra Energy et Infrastructure

Type
Bankruptcy
Country
Belgium
Region
Région wallonne; Prov. Brabant wallon; Arr. Nivelles
Location of affected unit(s)
Wavre
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
193 jobs
Number of planned job losses
Job loss
Announcement Date
17 March 2010
Employment effect (start)
17 March 2010
Foreseen end date
17 March 2010

Description

Power manufacturing firm Mitra Energy and Infrastructure situated in Wavre (Wallonia) filed on bankruptcy on Wednesday 17 March resulting in the loss of 193 jobs. When the manager of the company, Eric Brouwers, bought it from the Cherokee American group in 2008, Mitra was already in poor financial health. Trade unions declared that they were not taken by surprise since the new CEO had never found the necessary partners and investors to strengthen the financial base of the company.

The company had operated in the design, the development and the manufacture of power conversion solutions and conversion systems.

Sources

Citation

Eurofound (2010), Mitra Energy et Infrastructure, Bankruptcy in Belgium, factsheet number 70358, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70358.