The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Barentin (Rouen), Fontanil (Grenoble), Maizières-lès-Metz (Metz), Argenteuil and Bardin (Paris).
Sector
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
1,000 jobs Number of planned job losses
Announcement Date
8 July 2003
Employment effect (start)
1 July 2003
Foreseen end date
1 December 2004
Description
The group Schneider wants to produce more in lower labour cost countries such as Eastern Europe and Asia', explained the group's spokesperson. The restructuring (spread out between 2003 and 2004) affects 1,000 jobs in France in several units: Barentin, Fontanil, Maiziers-lès-Metz, Argenteuil and Bardin. Between 300 and 400 jobs will be dismissed through natural attrition and early retirement. The rest will be directly dismissed.
Sources
2 July 2003: Les Echos
Citation
Eurofound (2003), Schneider Electric, Internal restructuring in France, factsheet number 60013, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60013.
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