TBP

Type
Internal restructuring
Country
Belgium
Region
Vlaams Gewest; Prov. Antwerpen; Arr. Turnhout
Location of affected unit(s)
Geel
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.2 - Manufacture of batteries and accumulators
27.2 - Manufacture of batteries and accumulators
120 jobs
Number of planned job losses
Job loss
Announcement Date
24 February 2011
Employment effect (start)
24 February 2011
Foreseen end date

Description

On 24 February 2011, the management of TBP (former Alcatel) announced a restructuring plan which will result in the loss of 120 jobs (around 30 % of total employment). The decision was motivated by the decrease in production.

Orders have declined for at least two years and the company has opted for crisis mitigating measures to avoid large restructuring operations. There is no precise information on how and by when the job losses will be implemented.

Sources

  • 24 February 2011: De Standaard

Citation

Eurofound (2011), TBP, Internal restructuring in Belgium, factsheet number 71648, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71648.