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.
Administrative Services Office Administrative, Office Support And Other Business Support Activities 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
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76519.
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