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 Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.52 - Casting of steel
New offshoring locations
Czechia
281 jobs Number of planned job losses
Announcement Date
28 March 2019
Employment effect (start)
1 April 2019
Foreseen end date
Description
Bekaert, an international producer of steel wire and related products has announced it will be closing its facility in Moen (Zwevegem). Production will be relocated to another facility in Petrovice in the Czech Republic. According to the company management, the operation has to improve the competitiveness of the larger Bekaert group by reducing costs. In coming weeks negotiations will be held with the trade unions. Bekaert employs 1900 people in Belgium and 30,000 worldwide.
Eurofound (2019), Bekaert, Offshoring/Delocalisation in Belgium, factsheet number 97472, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97472.
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