EMCC European Monitoring Centre on Change

Agfa-Gevaert

Company/Organisation:
Agfa-Gevaert

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of chemicals and chemical products
20.59 - Manufacture of other chemical products n.e.c.
Group: Agfa-Gevaert

Employment Effects

Announcement Date: 18-11-2004
Planned Job Reductions min: 1050
Planned Job Reductions max: 1050
Type of Restructuring: Internal restructuring

Additional Information

Following a drop of 34.3% of its net result for the third quarter of 2004, Agfa-Gevaert, manufacturer of analogue and digital products and systems for the making, processing and reproduction of images, has announced drastic measures with the cut of 1,050 jobs throughout the world. This restructuring programme comes as a significant element in the cost-reducing strategy of the group.