Gemplus

Type
Internal restructuring
Country
France
Region
Ile-de-France; Ile-de-France; Val-d’Oise
Location of affected unit(s)
Sarcelles
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
813 jobs
Number of planned job losses
Job loss
Announcement Date
2 May 2002
Employment effect (start)
Foreseen end date

Description

In 2002, Gemplus announced a restructuring programme involving more than 800 lay-offs. The objective was to achieve savings of 100 million euros before the end of 2004. In April 2004, the programme was completed and saw the reduction of the workforce by 813.

Sources

  • 30 October 2002: Les Echos
  • 6 May 2002: Les Echos
  • 2 May 2002: Les Echos
  • 26 April 2004: La Tribune

Citation

Eurofound (2002), Gemplus, Internal restructuring in France, factsheet number 59060, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59060.