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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.2 - Manufacture of batteries and accumulators
120 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71648.
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