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.
France, Germany, Spain, Italy, Poland, Romania, Czech Republic, UK
Sector
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.19 - Manufacture of other rubber products
3,000 jobs Number of planned job losses
Announcement Date
5 June 2020
Employment effect (start)
1 July 2020
Foreseen end date
31 December 2020
Description
The Hutchinson group, a subsidiary of Total, which manufactures and markets products derived from rubber processing, has announced the loss of 3,000 jobs worldwide, including between 800 and 1,000 in France. Worldwide, the group employs around 40,000 people. The reorganisation affects 3,000 employees and 6,000 temporary workers. The company's main customers include the automotive and aerospace industries, both of which have been hard hit by the COVID containment measures over recent months.
Eurofound (2020), Hutchinson, Internal restructuring in World, factsheet number 100810, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100810.
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