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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
New offshoring locations
Germany
140 jobs Number of planned job losses
Announcement Date
26 August 2020
Employment effect (start)
31 August 2020
Foreseen end date
Description
Continental Automotive Benelux, part of the multinational Continental group, has announced it will be dismissing 140 employees at its facility in Mechelen. According to the company management, the measures which would reduce the total workforce at the facility in Mechelen by one third (75 blue collar and 65 white collar workers) are intended to make the facility more profitable and competitive. The facility in Mechelen is the only one with production capabilities in Belgium and is specialised in the manufacturing of electronic brake systems. Because of the general reduction in demand for vehicles resulting from the COVID-crisis, the international management plans to consolidate the production of electronic brake systems and shift it from Mechelen to another facility in Frankfurt.
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The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
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