The group installed, in Antwerp, announced a vast restructuring in order to safeguard the company's competitiveness. Belgium is the country the most concerned by this process. (Ref. 06824)
The management announced, last August 24, 2000 job cuts in the world, including 945 in Belgium and 615 in the rest of Europe. The reason is “ the continuous decline at the traditional markets”. This restructuring follows the company’s announcement of a need for costs cuts: to stay competitive the company has to reduce costs by approximately 255 million Euros before the end of 2008. The company must restructure its activities to face up the explosion of the numerical market.
The European works c
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