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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.4 - Manufacture of electric lighting equipment
251 jobs Number of planned job losses
Announcement Date
11 January 2005
Employment effect (start)
25 January 2005
Foreseen end date
Description
According to the article published on 14 January 2005 in Les Echos, the French subsidiary of the American company SLI (Sylvania Lighting International), will be closed by the end of 2005. The direction announced on 11 January 2005 that from 25 January 2005, 40% of the jobs would be suppressed. This reduction concerns 227 jobs at Lyons manufacture and 24 jobs at the headquarters. The reason is an increase of competition from East Europe.
Sources
14 January 2005: Les Echos
Citation
Eurofound (2005), SLI France, Closure in France, factsheet number 61062, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61062.
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