Belgium -First part of a social plan concluded at Bekaert -March 16, 2012

The announced restructuring at four Bekaert plants has led to intensive negotiations on a social plan. In the fifth round a first agreement was reached on the demand to include voluntary job-leavers in the social plan provisions and to reduce these leavers from the planned dismissals (announced were 609 workers at Aalter, Deerlijk, Ingelmunster and Zwevegem). The planning is to end the talks around 30 April 2012, with management having agreed not to dismiss before that date. Different instruments (part time leave, early retirement and retraining) are considered.

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