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Bekaert Textiles to stop all production activities in Waregem
13
Mar '09
Mattress ticking producer Bekaert Textiles further realigns its production to deal with the over-capacity in Europe. The intention is to stop all production activities in Waregem. Only the head offices and the central services would remain in Belgium.

The intended measures would result in a loss of some 100 jobs in Waregem.

The BT Group would keep its headquarter offices in Belgium meaning the central administrative services, commercial and product development departments.

As a consequence, some 85 jobs would be kept in Waregem.

For the site of some 20 hectares, alternative destinations are being considered. It is therefore possible that the remaining activities will be moved to an other location.

Within the frame of the “Renault” legislation, management intends to have constructive meetings with the Works' Council's delegates, in order to come up with the best solutions for the social consequences of these intended measures. The solutions will be conform the measures that have been taken within the frame of the previous restructuring which is still on-going at this moment.

The intended measures are necessary to stop very quickly the tremendous financial losses in Europe and to restore profitability.

They are the consequence of a sharp drop in woven mattress ticking demand in Europe, worsened by the heavy economic crisis which again decreases turnover on all European markets.

If the intended measures materialise, they should put Bekaert Textiles in a stronger competitive position in Europe. The entire production would then come from the cheaper and more competitive production plants of Turkey and the Czech Republic.

Bekaert Textiles

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