Exelto

Type
Internal restructuring
Country
Belgium
Region
Vlaams Gewest; Prov. Oost-Vlaanderen; Arr. Gent
Location of affected unit(s)
Zwijnaarde
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13.9 - Manufacture of other textiles
13.93 - Manufacture of carpets and rugs
139 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/74270.