Social fund

In order to be able to help employees in cases of 'social misfortune and problems', the company established a social fund. This fund originates from the company football team, known to everyone as W.A.P. Sport. With it, Bernard Steverlynck and Roger Bolle lay the foundation for what would become the Social Fund. Up until 31 December 1952, the football club financially helped and supported ill or injured employees during their period of inactivity. By purchasing a membership card from the Social Fund, the employees were entitled to compensation in cases of illness or misfortune, in accordance with the cash position in those days. With the help of some progressive employees, the statutes were established in 1952. Under the supervision of Management and the Works Council, Management Council 'De Dageraad' was established. On 9 January 1953, the first meeting was held, with Director-General Maurice Huvelle as its first President. In view of the fact that Mr. Huvelle was spending a lot of time abroad, the presidency was taken over by Jan Elebaers in February. Due to the contributions of its members and management the Social Fund could provide relief in the event of illness, accidents, death or other family events, such as weddings or births, to several associations. The Social Fund also contributed to the employees enjoying their well-earned pensions after their years of service.