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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.93 - Manufacture of wire products, chain and springs
90 jobs Number of planned job losses
Announcement Date
22 October 2009
Employment effect (start)
Foreseen end date
Description
Cable maker Nexans Euromold has announced plans to make 90 workers redundant in Aalst, Flanders. 75 production workers and 15 administrative staff are set to be affected by the job cuts. The factory had already put 40 per cent of its workers on a part-time unemployment programme having suffered a severe drop in business in 2009, which was reportedly partially caused by the collapse of the Spanish housing market.
Sources
22 October 2009: Trends.be ()
Citation
Eurofound (2009), Nexans Euromold, Internal restructuring in Belgium, factsheet number 70889, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70889.
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