Cabot nv

Type
Offshoring/Delocalisation
Country
Belgium
Region
Vlaams Gewest; Prov. Vlaams-Brabant; Arr. Leuven
Location of affected unit(s)
Leuven
Sector
Adminstrative / Support Services
82 - Office administrative, office support and other business support activities
82 - Office administrative, office support and other business support activities
82 - Office administrative, office support and other business support activities
New offshoring locations
Latvia
107 jobs
Number of planned job losses
Job loss
Announcement Date
29 January 2014
Employment effect (start)
31 May 2014
Foreseen end date
31 December 2014

Description

US-based global chemicals company Cabot announced plans to develop a shared service center for Europe, Middle East and Africa, located in Riga. This plan has led to the announced closure of the Belgian site where 107 jobs will be cut by the end of 2014. These jobs are going to be moved to Latvia. According to the management, costs are too high in Belgium to remain competitive. Unions have expressed surprise at the announcement and protests may be mounted.

Sources

  • 30 January 2014: demorgen
  • 29 January 2014: L'Echo

Citation

Eurofound (2014), Cabot nv, Offshoring/Delocalisation in Belgium, factsheet number 76519, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76519.