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.
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.