The statistics were collected by consultants Ernst & Young. The negative trend concerning job creation is being continued. 10 years ago, a foreign investment project on average brought 46 vacancies, but last year this was only 17. This puts Belgium 60 percent under the European average. "At the same time, Belgium is so dependent on foreign investments for job creation, more than its neighbouring countries", the KU Leuven Professor Leo Sleuwaegen points out.
The total number of jobs generated by foreign investors, was smaller than the number of jobs axed through closures or restructuring operations carried out by multinationals.
Flanders accounts for 80 of the 169 foreign investment projects, compared to 52 for Wallonia. Ernst & Young points to the high labour cost, and suggests shifting tax burdens from labour to VAT and environment.