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, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18.12 - Other printing
111 jobs Number of planned job losses
Announcement Date
11 April 2012
Employment effect (start)
25 June 2012
Foreseen end date
31 December 2012
Description
Belgian industrial printing company Hélio Charleroi, which is part of the Dutch Circle Printers group, informed their Works Council of their intention to reduce its workforce by 111 (of which 90 blue collar workers and 21 white collar workers).
The management attributes the job cuts to overcapacity and industry's price war in Europe following the decline of demand of printed products. The 'Renault' procedure has been launched to define the conditions of the internal restructuring. The company employs some 262 people at the Heppignies site.
Sources
11 April 2012: Le Soir
11 April 2012: RTBF.be
Citation
Eurofound (2012), Hélio Charleroi, Internal restructuring in Belgium, factsheet number 73405, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73405.
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