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.
Number Employed:
15000
Group:
Agfa-Gevaert
Employment Effects
Announcement Date:
22-06-2006
Planned Job Reductions min:
2000
Planned Job Reductions max:
2000
Type of Restructuring:
Internal restructuring
Employment Effect Start:
24-08-2006
Foreseen End Date:
01-01-2008
Additional Information
The Agfa-Gevaert group whose activity consists of medical and graphic imagery techniques has been in difficulties for several years. It needs to innovate, since it has fallen behind the competition with the introduction of digital technology and has also been ill-equipped to absorb raw material price increases.
The Agfa-Gevaert group wants to save 250 million euros per year between now and 2008. So, they are planning to make 2,000 people redundant worldwide, which is 15% of the total workforce, in the hope of getting the company onto a sound footing from where growth will be possible.
Employees in Belgium will be particularly affected (at least 945 job losses). Agfa Gevaert employs 15,000 people worldwide.
Sources:
22-06-2006RTBF
24-08-2006RTBF
23-06-2006Le Soir
25-08-2006Le Soir
25-08-2006L'Echo
25-08-2006La Libre
24-08-2006La Libre