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.
Faurecia, France's leading manufacturer of automotive components, has announced its plan to cut 1,215 jobs in its seats’ manufacturing operations unit between 2009 and 2011 inclusive.
Owned mainly by Europe's second-largest car-maker, PSA Peugeot-Citroën, Faurecia intends to cut first in 2009, 700 jobs from its seat-making factory in France. Faurecia, which relies on parent company PSA for between 20 and 25% of its sales and counts many of the world's other major car-makers as its key clients, is suffering the knock-on effects from the global new vehicle sales slump, along with the rest of the global automotive supplier contingent.
The restructuring plan is taking place in addition to other job cuts planned elsewhere in the company, with the result of bringing the total headcount reduction planned for the company for the 2009-2011 period to 1,215. The nine sites active in this area of business will be affected, notably Brieres-les-Scelles (Essonne). In the Orne department, the three units in Flers will be re-grouped at the site of Caligny, involving a noticeable reduction in the workforce, while the Saint-Nicolas-de-Redon site in the Loire-Atlantique department will be closed in 2011, as will the Pierrepont site in the east of the country, as from mid 2010. The Nompatelize unit in the Vosges will carry on its activities with a reduced workforce.
The group counts 15,230 employees in France.
Eurofound (2008), Faurecia, Internal restructuring in France, factsheet number 67749, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67749.
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