Dow Corning

Type
Internal restructuring
Country
Belgium
Region
Région wallonne; Prov. Hainaut; Arr. Soignies
Location of affected unit(s)
Seneffe
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20.1 - Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms
20.16 - Manufacture of plastics in primary forms
70 jobs
Number of planned job losses
Job loss
Announcement Date
9 January 2013
Employment effect (start)
31 January 2013
Foreseen end date
30 June 2013

Description

Dow Corning Corporation announced its intention to cut 500 jobs worldwide, 70 of which concern the unit in Belgium.

According to the management, the company's reason for restructuring is that the costs should be aligned with the current volatility of the economy. On the other side, the unions expressed their surprise following the announcement. The 'Renault procedure' on collective dismissals has been launched, during which the unions have stated their intention to negotiate in order to avoid forced dismissals.

Dow Corning specializes on the development and manufacture of silicon products.

Sources

  • 9 January 2013: rtl.be
  • 9 January 2013: La Libre
  • 9 January 2013: Dh.be

Citation

Eurofound (2013), Dow Corning, Internal restructuring in Belgium, factsheet number 74750, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74750.