Luxembourg (Grand-Duché); Luxembourg (Grand-Duché); Luxembourg (Grand-Duché)
Location of affected unit(s):
Manufacture of basic metals and fabricated metal products, except machinery and equipment
25.93 - Manufacture of wire products, chain and springs
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Employment Effect Start:
Foreseen End Date:
On 22 October 2012, Hyosung Wire announced the closure of its plant on the 1st of April 2013, making up to 200 employees redundant. Of the 200 employees, 14 will stay at the site for storage and sales activities. 23 are reported to go on to early retirement.
In 2011, the Korean group Hyosung took over the plant, which is specialized in the production of metal cable for tires, from Goodyear.
22-10-2012OGBL (Press release)