Giat

Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Toulouse, Tarbes, Tulle, Saint-Chamond, Cusset
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
3,100 - 3,400 jobs
Number of planned job losses
Job loss
Announcement Date
13 June 2002
Employment effect (start)
1 July 2002
Foreseen end date
1 June 2006

Description

After having cancelled four times its social plan, Giat Industries announced a new plan affecting 3,400 jobs out of 6,250 in France by the end of 2006. In March 2004, the latest social plan implied 3,100 job losses and 580 million euros spent on social measures. There will be 1,300 retirement measures. Workers having to find another job will benefit from up to 1,5 years of paid leave to attend reconversion courses.

Sources

  • 27 February 2003: Les Echos
  • 3 August 2003: Les Echos
  • 2 March 2004: Les Echos
  • 13 June 2003: La Tribune

Citation

Eurofound (2002), Giat, Internal restructuring in France, factsheet number 59342, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/59342.