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 (28) Manufacture of machinery and equipment 28 - Manufacture of machinery and equipment n.e.c. 28 - Manufacture of machinery and equipment n.e.c.
260 jobs Number of planned job losses
Announcement Date
31 October 2005
Employment effect (start)
Foreseen end date
Description
The constructor of agricutural machinary, McCormick, announced on 31 October 2005 a redundancy programme concerning 260 jobs out of 712 following poor financial results.
Sources
31 October 2005: Les Echos
26 December 2005: Les Echos
Citation
Eurofound (2005), MCCORMICK, Internal restructuring in France, factsheet number 62711, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62711.