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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.92 - Manufacture of machinery for mining, quarrying and construction
European Globalisation Fund (EGF)
Year: 2015, Case number: 12
New offshoring locations
South Korea
313 jobs Number of planned job losses
Announcement Date
1 September 2014
Employment effect (start)
1 September 2014
Foreseen end date
Description
South Korean conglomerate Doosan Infracore announced plans to close its production site in Frameries; 313 jobs are at risk. The plant manufactures excavators for European markets.
As reported, the site is loss-making in recent years due to high production costs and the management plans to cease operations and move its production activities to South Korea, retaining only its sales and commercial activities. The trade unions expressed their dismay at the plans. A timeframe for the restructuring has not been announced yet.
Sources
2 September 2014: De Standaard
2 September 2014: De Tijd
3 January 2015: L'Echo
Citation
Eurofound (2014), Doosan Infracore Europe, Offshoring/Delocalisation in Belgium, factsheet number 77528, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77528.
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