Magna

Type
Internal restructuring
Country
Belgium
Region
Région de Bruxelles-Capitale/Brussels Hoofdstedelijk Gewest; Région de Bruxelles-Capitale/Brussels Hoofdstedelijk Gewest; Arr. de Bruxelles-Capitale/Arr. Brussel-Hoofdstad
Location of affected unit(s)
Brussels
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.2 - Manufacture of bodies and coachwork for motor vehicles; manufacture of trailers and semi-trailers
29.2 - Manufacture of bodies and coachwork for motor vehicles; manufacture of trailers and semi-trailers
115 jobs
Number of planned job losses
Job loss
Announcement Date
18 December 2012
Employment effect (start)
31 January 2013
Foreseen end date
1 June 2014

Description

The company Magna announced its intention to cut 115 jobs at it's Brussels plant.

According to the management, important clients decided not to extend their contracts. Consequently, 100 workers and 15 employees will be laid off by 2014. 

Sources

  • 18 December 2012: L'avenir

Citation

Eurofound (2012), Magna, Internal restructuring in Belgium, factsheet number 74697, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74697.