Consultation process completed - Exel Composites will close its factory in Belgium
EXEL COMPOSITES PLC INSIDE INFORMATION 20 DECEMBER 2024 AT 14:00 EETExel Composites has completed the consultation process with its employees’ representatives regarding the previously announced intention to discontinue the production at its Oudenaarde factory in Belgium. As a result, Exel Composites will close the factory, and the employment of approximately 50 employees will end. The activities at the Oudenaarde unit will cease by the end of the first quarter of 2025. The closure of the factory is necessary to address loss-making activities.The closure of the unit and