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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
122 jobs Number of planned job losses
Announcement Date
15 October 2010
Employment effect (start)
Foreseen end date
Description
Hansen Transmissions, the manufacturer of of gearboxes for wind turbines, has sold one of its division in Edegem to the Japanese Sumitomo. The new buyer is interested in the takeover of the plant only if 122 jobs are cut (72 blue-collar jobs and 50 white-collar jobs).
Negotiations with the trade unions are being held to discuss the redundancy scheme. A trade union spokesperson stated that takeover itself did not come as a surprise; however, fewer jobs were expected to be lost in the process.
Sources
15 October 2010: De Standaard
Citation
Eurofound (2010), Hansen Transmission, Merger/Acquisition in Belgium, factsheet number 71069, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71069.
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