Steel cord company Bekaert, the largest in the world, announced in February it would cut 1250 jobs in China and 600 in Belgium. After unions and company representatives concluded the first agreement in March, as reported in last month’s CBN, a social plan was concluded and approved by the union members on 27 April. In the social plan, the maximum number of forced lay offs is set at 324 (previously 609). The reduction of redundancies will be done by leveraging internal mutations, a framework agreement for employees who leave voluntarily, no renewing of temporary contracts and an early retirement scheme (from 52 years).
Dutch: http://www.abvvmetaal.be/index.php?option=com_content&view …
http://www.abvvmetaal.be/index.php?option=com_content&view=article …
English: http://www.businessweek.com/news/2012-02-03/bekaert-to-cut-1-850-jobs ...
http://www.deredactie.be/cm/vrtnieuws.english/news/1.1210619
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