Caterpillar has informed Belgian authorities of the decision to proceed to a collective dismissal, which will lead to the closure of the Gosselies site and will impact around 2000 employees.
Caterpillar announced that it was contemplating allocation of the production at the Caterpillar facility in Gosselies to other manufacturing facilities in September 2016. Shortly after the announcement, an information and consultation procedure was opened, in compliance with Belgian law.
With the formal decision to close, production of Caterpillar products on the Gosselies site will be gradually phased out, with all production operations expected to end by mid-2017. The other operations and functions on the Gosseslies site are expected to be phased out until the end of 2017.
An agreement, in principle, has been reached between Caterpillar and the Region of Wallonia about the sale of the site to the company Sogepa, which is an investment company in the Region. In order to support the reconversion of the site, Caterpillar agreed to sell the site plus some of the installations and assets for a symbolic euro. The sale is to be effective on 30 June 2018.
Read the article online at: https://www.worldcement.com/europe-cis/28032017/caterpillar-to-close-gosselies-site/