Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture of machinery and equipment
Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.

114 jobs
Number of planned job losses
Job loss
Announcement Date
9 May 2025
Employment effect (start)
16 May 2025
Foreseen end date

Description

The American company Otis, specialising in global manufacturing services, sales, maintenance, and repair of elevators has announced that it will present a job reduction plan at the next Social and Economic committee meeting. The plan that has been negotiated along with trade unions and plans to eliminate 114 jobs, including 24 management positions out of the company 4700 employees. The job cuts are lower than the initial estimate of 136. This restructuring comes amidst a difficult economic climate that is currently affecting the company.


Sources

Citation

Eurofound (2025), Otis France, Internal restructuring in France, factsheet number 202719, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202719.