Agfa to cut 2,000 jobs in massive restructuring

24th August 2006, Comments 0 comments

24 August 2006, BRUSSELS — Belgian imaging firm Agfa-Gevaert plans to cut almost 2,000 jobs by 2008, the firm said on Thursday morning.

24 August 2006

BRUSSELS — Belgian imaging firm Agfa-Gevaert plans to cut almost 2,000 jobs by 2008, the firm said on Thursday morning.

The job cuts were announced as Agfa published its figures for the second quarter.

Some 945 jobs will be scrapped in Belgium, 843 of which will occur at the firm's Mortsel headquarters in Belgium.

Agfa hopes to save EUR 250 million per year by streamlining all of its operations.

The Graphics department will need to realise 26 percent of the intended savings, HealthCare will account for 41 percent and Materials 33 percent.

"Consequently, almost 2,000 functions worldwide will become superfluous," Agfa said.

The firm has already informed European and local employees' councils about its plans.

[Copyright Expatica News 2006]

Subject: Belgian news

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