Alstom Chaudières

Type
Internal restructuring
Country
France
Region
Ile-de-France; Ile-de-France; Yvelines
Location of affected unit(s)
Vélizy
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
200 jobs
Number of planned job losses
Job loss
Announcement Date
16 February 2005
Employment effect (start)
Foreseen end date

Description

Alstom Chaudières announced on 16 February 2005 a restructuring. The job reduction concerns in France the Vélizy site. 200 jobs will be suppressed out of 250. The reason is the slump in demand in Europe and USA even thought the Asian market is booming. The company is also to suppress 100 jobs in Germany and 40 jobs in USA.

Sources

  • 17 February 2005: Les Echos
  • 17 February 2005: La Tribune
  • 17 February 2005: Alstom Press Release (www.alstom.com )

Citation

Eurofound (2005), Alstom Chaudières, Internal restructuring in France, factsheet number 61220, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61220.