Valeo

Type
Internal restructuring
Country
Germany
Region
Baden-Württemberg; Karlsruhe; Rastatt
Location of affected unit(s)
Bietigheim
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.1 - Manufacture of motor vehicles
29.1 - Manufacture of motor vehicles
245 jobs
Number of planned job losses
Job loss
Announcement Date
11 November 2004
Employment effect (start)
Foreseen end date

Description

The French-based automotive components multinational, Valeo (70200 employees worlwide), has announced it will axe 245 jobs (nearly one half of the unit) in Bietigheim, in order to reduce its costs.

Sources

  • 11 November 2004: Stuttgarter Zeitung

Citation

Eurofound (2004), Valeo, Internal restructuring in Germany, factsheet number 60804, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60804.