ZF Wind Power

Type
Internal restructuring
Country
Belgium
Region
Vlaams Gewest; Prov. Antwerpen; Arr. Antwerpen
Location of affected unit(s)
Lommel, Kontich
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.1 - Manufacture of general-purpose machinery
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
135 jobs
Number of planned job losses
Job loss
Announcement Date
27 February 2013
Employment effect (start)
31 March 2013
Foreseen end date
31 March 2014

Description

The company ZF Wind Power, manufacturer of parts for wind mills, announced its intention to reduce its workforce by 15 percent, which will imply 135 job cuts.

According to the management, the restructuring has become necessary as there is an overcapacity in the market and a threat to its general competitiveness. 

Sources

  • 27 February 2013: demorgen
  • 28 February 2013: 7sur7

Citation

Eurofound (2013), ZF Wind Power, Internal restructuring in Belgium, factsheet number 75025, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75025.