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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
157 jobs Number of planned job losses
Announcement Date
9 September 2005
Employment effect (start)
Foreseen end date
Description
Management of the automotive parts supplier Faurecia announced on 9 September 2005 the closure of its Beaugencys site (Loiret). This restructuring concerns 157 jobs. Half of the affected employees are over 45 and fear that redeployment measures won't be efficient. Production has been transfered to two other sites in Magny-Vernois (Haute-Saône) and in Portugal. Management announced on 15 November 2005 the suppression of 110 jobs in its site of Pierrepont(Meurthe-et-Moselle). In April 2005, The company had already let go 387 workers.
Sources
15 November 2005: Les Echos
9 September 2005: Les Echos
Citation
Eurofound (2005), Faurecia, Closure in France, factsheet number 62360, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62360.
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