Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
France (Lille, Morlaix, Dijon and Tonneins) and Spain (Sevilla, Tarragona and Cadix).
Sector
Manufacturing
Manufacture Of Tobacco Products
Manufacture Of Tobacco Products
12 - Manufacture of tobacco products

1,678 jobs
Number of planned job losses
Job loss
Announcement Date
24 July 2003
Employment effect (start)
1 January 2004
Foreseen end date
1 December 2005

Description

Altadis group announced a Europe-wide restructuring plan affecting 1,678 jobs in France and Spain. The measure is due to the decrease in the tobacco consumption market. Many units will be closed affecting 701 jobs in France and 977 jobs in Spain between the beginning of 2004 and the end of 2005.


Sources

  • 19 April 2004: La Tribune
  • 24 July 2003: Les Echos

Citation

Eurofound (2003), Altadis, Internal restructuring in European Union, factsheet number 59281, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59281.