Doosan Infracore Europe

Type
Offshoring/Delocalisation
Country
Belgium
Region
Région wallonne; Prov. Hainaut; Arr. Mons
Location of affected unit(s)
Frameries
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.9 - Manufacture of other special-purpose machinery
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
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/77528.