Type
Internal restructuring
Country
France
Region
Est; Lorraine;
Location of affected unit(s)
Longuyon
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Other Transport Equipment
30 - Manufacture of other transport equipment

45 jobs
Number of planned job losses
Job loss
Announcement Date
1 April 2003
Employment effect (start)
Foreseen end date

Description

Following the words of the director, if Kaiser do not enter into a restructuring phase now, it could enter under compulsory liquidation. This is due to the shortage in demand of the French market in which Kaiser 65% of its revenus. 45 workers will be laid-off.


Sources

  • 1 April 2003: Les Echos

Citation

Eurofound (2003), Kaiser, Internal restructuring in France, factsheet number 59716, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59716.