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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
81 jobs Number of planned job losses
Announcement Date
15 November 2013
Employment effect (start)
1 January 2014
Foreseen end date
1 January 2016
Description
Chemical manufacturer Prayon, specialised in phosphorous production, announced the loss of 81 jobs in Engis, Belgium. According to the management, the decision comes from the necessity to obtain a better profitability by reducing costs in a very competitive market. The company also announced that there will be no collective dismissals. The job cuts will be implemented through early retirement and voluntary departures.
This restructuring is expected to be implemented over the next two years and will go together with a new industrial plan. There is so far no reaction from unions but the 'Renault procedure' will be launched very soon.
Sources
15 November 2013: RTBF.be
15 November 2013: La Meuse
16 November 2013: La Libre
Citation
Eurofound (2013), Prayon, Internal restructuring in Belgium, factsheet number 76189, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76189.
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