Type
Bankruptcy
Country
Belgium
Region
RĂ©gion Wallonne; Prov. Brabant Wallon; Arr. Nivelles
Location of affected unit(s)
Ittre
Sector
Manufacturing
Manufacture Of Wood And Paper Materials
Manufacture Of Paper And Paper Products
17.2 - Manufacture of articles of paper and paperboard

380 jobs
Number of planned job losses
Job loss
Announcement Date
24 May 2017
Employment effect (start)
Foreseen end date

Description

Idem Papers, a Belgian producer of specialty paper products has announced its closure. The closure has been announced earlier with ongoing talks about potential buyers. Negotiations have failed however and the company is now forced to close. In total 380 employees are now facing dismissal, both blue and white collar workers. Upon receiving the news a majority of the workers decided to go on strike.


Sources

  • 25 May 2017: RTL
  • 24 May 2017: L'Echo

Citation

Eurofound (2017), Idem Papers, Bankruptcy in Belgium, factsheet number 91028, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91028.