Bekaert

Type
Internal restructuring
Country
Belgium
Region
Vlaams Gewest; Prov. Antwerpen;
Location of affected unit(s)
Aalter, Zwevegem, Deerlijk, Ingelmunster
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
600 jobs
Number of planned job losses
Job loss
Announcement Date
2 February 2012
Employment effect (start)
1 April 2012
Foreseen end date
31 December 2012

Description

Bekaert, a company specialized in the processing of metals, announced the intention to cut 600 jobs in Belgium. The plants concerned are in Aalter, Zwevegem, Deerlijk and Ingelmunster.

According to the management, there are several reasons for the restructuring: the fast and structural change of the worldwide market of solar energy, growing uncertainty about certain markets and global long-term volatility.

Currently, the unions are in negotiations with the management in an effort to reduce the number of layoffs. The timeline for the cuts is not yet known.

Earlier, the company had already announced the cut of 1,250 workplaces in China.

Sources

  • 2 February 2012: Le Soir

Citation

Eurofound (2012), Bekaert, Internal restructuring in Belgium, factsheet number 73087, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73087.