Timken

Type
Internal restructuring
Country
France
Region
Centre — Val de Loire; Centre — Val de Loire; Cher
Location of affected unit(s)
Vierzon
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
122 jobs
Number of planned job losses
Job loss
Announcement Date
31 January 2006
Employment effect (start)
Foreseen end date

Description

Timken announced on 31 January 2006 a restructuring programme. The decision will affect 122 jobs out of 363 on the site of Vierzon. The company is expecting a 25% decrease of its activities by 2007.

Sources

  • 31 January 2006: Les Echos

Citation

Eurofound (2006), Timken, Internal restructuring in France, factsheet number 63094, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63094.