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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.12 - Manufacture of electricity distribution and control apparatus
154 - 390 jobs Number of planned job losses
Announcement Date
16 September 2020
Employment effect (start)
1 May 2021
Foreseen end date
31 December 2021
Description
The management of the French electrical equipment specialist, Schneider Electric, has presented a restructuring plan that provides for the closure of two plants, one at Lattes (Hérault, 80 employees) and the other at Saumur (Maine-et-Loire, 74 employees). In total, 154 job cuts are foreseen.
Schneider Electric's plan concerns its medium voltage branch. The Saumur site is specialised in the production of secondary cells, while the Lattes plant manufactures circuit breakers and light bulbs. The restructuring plan provides for their shutdown in the second half of 2021. However, the effects on employment will begin as soon as the employment safeguard plan is concluded.
'The reorganisation of medium-voltage production in France is the consequence of a sharp drop in activity and has been going on for several years,' a Schneider Electric spokesman said. According to the management, each employee will be offered a reclassification post.
Unions denounce relocations. While some positions will be transferred to new locations in France, according to the CFDT, ''a majority of positions will be relocated to Indonesia, Turkey, Hungary and India'.
Eurofound (2020), Schneider Electric, Closure in France, factsheet number 101889, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101889.
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