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 (13 - 15) Manufacture of textiles, apparel and leather 13 - Manufacture of textiles 13 - Manufacture of textiles
120 jobs Number of planned job losses
Announcement Date
26 September 2025
Employment effect (start)
1 January 2026
Foreseen end date
28 February 2026
Description
TDV Industries, a French textile company, is set to close at the beginning of 2026, resulting in the loss of 120 jobs. The plant located in Laval (Mayenne) has been facing a severe crisis, as management announced in September. By the end of the month, they confirmed its definitive closure. According to management, the decision was made due to the growing competition and unfavourable economic context. For their part, trade unions denounce the lack of dialogue or negotiation with social partners in this decision. Also they point out that such measure feeds the ongoing trend of offshoring in the textile industry towards low-cost production countries.
Eurofound (2025), TDV Industries, Closure in France, factsheet number 203399, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203399.
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