Exel Composites launches a consultation process regarding its intention to close its factory in Belgium
EXEL COMPOSITES PLC INSIDE INFORMATION 12 SEPTEMBER 2024 AT 13:45 EESTExel Composites has completed the strategic review at its factory in Belgium initiated in January 2024. As a result, the company is entering into consultation with employee representatives regarding its intention to discontinue production at its Oudenaarde factory. The consultation process concerns approximately 50 employees. The negotiations will be conducted and concluded in accordance with Belgian law, within the timeline necessary for due process. “During this year, we