Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Total Petrochemical France, the petrochemicals division of French oil group Total, has announced that it is to cut 243 jobs at its site in Saint-Avold between November 2007 and December 2010. The firm employs 900 at its Saint-Avold site. The job losses are a result of a reduction in the styrene production capacities of the plant, which are to be reduced from 720,000 tonnes per year to 600,000 tonnes per year by 2011, and which precipitated the job losses at the site. In another development, the firm has announced that it is to invest 62 million EUR in the site for maintenance and safety purposes. A new turbine and new furnaces will be installed at the plant, and operations at the plant will cease for six weeks whilst installation work is being carried out. It is thought that this investment will enable the plant to continue operating and will safeguard the remaining jobs at the site.
Eurofound (2007), Total Petrochemicals France, Internal restructuring in France, factsheet number 65764, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65764.
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