Sappi

Type
Internal restructuring
Country
Belgium
Region
Vlaams Gewest; Prov. Limburg (BE); Arr. Tongeren
Location of affected unit(s)
Lanaken
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17 - Manufacture of paper and paper products
17 - Manufacture of paper and paper products
65 - 125 jobs
Number of planned job losses
Job loss
Announcement Date
19 October 2010
Employment effect (start)
Foreseen end date

Description

Sappi, a paper manufacturer based in Lanaken (Flanders), announced on 19 October its restructuring plan involving 65 jobs cuts. As of October 2010, direct dismissals are ruled out. Trade unions fear that 125 jobs may be lost over the next 5 years. Last year and for the first time since 2004, the site in Lanaken faced a loss of profit of about 10 million euro and the situation may not change in 2010. A meeting between trade unions and the management will take place on 2 November.

Sources

  • 19 October 2010: De Morgen

Citation

Eurofound (2010), Sappi, Internal restructuring in Belgium, factsheet number 71128, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71128.