Thermic Distribution

Type
Bankruptcy
Country
Belgium
Region
Région wallonne; Prov. Namur; Arr. Philippeville
Location of affected unit(s)
Couvin
Sector
Manufacturing
(24 - 25) Manufacture of metals
25.9 - Manufacture of other fabricated metal products
25.99 - Manufacture of other fabricated metal products n.e.c.
160 jobs
Number of planned job losses
Job loss
Announcement Date
14 February 2014
Employment effect (start)
28 February 2014
Foreseen end date
31 December 2014

Description

Following its bankruptcy, Thermic Distribution will lose all 160 jobs. Most of the employees had been on short time work for some time. The region and unions will try to find a new buyer. After several months of short time work, the unions are relieved that the decision was taken and hope the activities will be relaunched with a new investor.

Sources

  • 14 February 2014: RTBF
  • 14 February 2014: La Nouvelle Gazette

Citation

Eurofound (2014), Thermic Distribution, Bankruptcy in Belgium, factsheet number 76620, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76620.