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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.93 - Manufacture of carpets and rugs
139 jobs Number of planned job losses
Announcement Date
2 October 2012
Employment effect (start)
31 October 2012
Foreseen end date
31 January 2013
Description
The company Exelto, manufacturer of carpets, announced its intention to cut 139 jobs at the plant of Zwijnaarde. This is due to the decision to close the thread production department.
According to the management, a strong decrease in demand and a difficult global market situation have led to this decision. As of now, there is no reaction from the unions.
The 'Renault procedure' will be launch in the next few days.
Sources
2 October 2012: L'Echo
Citation
Eurofound (2012), Exelto, Internal restructuring in Belgium, factsheet number 74270, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74270.
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