Type
Closure
Country
Belgium
Region
Région Wallonne; Prov. Liège; Arr. Liège
Location of affected unit(s)
Grivegnée
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.44 - Copper production

140 jobs
Number of planned job losses
Job loss
Announcement Date
3 February 2011
Employment effect (start)
3 February 2011
Foreseen end date

Description

The Belgian branch of the Spanish group Leaf Business Holdings, LBHB (formerly Boliden), has announced during an extraordinary works council, the closure of the Grivegnée site and the loss of 140 jobs. The company is facing a major increase of copper prices on the international market. For the Spanish investor, the Belgian site has no future.


Sources

  • 3 February 2011: L'Echo

Citation

Eurofound (2011), Leaf Business Holdings Belgium, Closure in Belgium, factsheet number 71582, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71582.