Type
Merger/Acquisition
Country
France
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.42 - Aluminium production

277 jobs
Number of planned job losses
Job loss
Announcement Date
22 November 2004
Employment effect (start)
Foreseen end date

Description

As a result of the acquisition of Pechiney by Alcan (global leader in Aluminium and packaging), the five registered offices of Pechiney (Pechiney SA, Pechiney Aluminium, Rhenalu, Cebal, Teckpack), will be affected by a restructuring plan. 227 jobs are to be cut off. If 120 people were offered an internal relocation, 59 people will still have to go through external redeployment.


Sources

  • 22 November 2004: Les Echos

Citation

Eurofound (2004), Pechiney - Alcan, Merger/Acquisition in France, factsheet number 60862, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60862.