Type
Internal restructuring
Country
France
Region
Bassin Parisien; Bourgogne;
Location of affected unit(s)
Creusot (SaƓne-et-Loire)
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.1 - Manufacture of basic iron and steel and of ferro-alloys

180 jobs
Number of planned job losses
Job loss
Announcement Date
12 September 2003
Employment effect (start)
Foreseen end date

Description

Industeel, subsidiary of Arcelor, announced a restructuring plan affecting 180 workers on a total of 826. Yet in December 2001, Industeel dismissed 177 workers.

The measure is due to improve the efficiency of the company, with the objective of having positive results by 2006.


Sources

  • 12 September 2003: Les Echos

Citation

Eurofound (2003), Industeel, Internal restructuring in France, factsheet number 58956, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/58956.