Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Mardyck (Nord) and Montataire (Oise)
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.5 - Casting of metals

830 jobs
Number of planned job losses
Job loss
Announcement Date
27 May 2003
Employment effect (start)
Foreseen end date

Description

The CEO of Sollac Atlantique has announced a restructuring plan affecting two units: Mardyck (that employs 1150 workers) where 430 job reductions are planned and Montataire (that employs 1250 workers) where 400 job reduction are planned. The social plan is part of the restructuring plan of Arcelor. Most of the planned job reductions should be realised through early retirement and transfers.


Sources

  • 27 May 2003: Les Echos

Citation

Eurofound (2003), Sollac Atlantique, Internal restructuring in France, factsheet number 59322, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59322.