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 29.1 - Manufacture of motor vehicles
414 - 445 jobs Number of planned job losses
Announcement Date
18 April 2006
Employment effect (start)
Foreseen end date
31 December 2006
Description
Ford Aquitaine Industries (FAI), the French company which makes automatic gearboxes for the eponymous US car maker, will today present the results of the redundancy plan which it launched last October 2005. The company has, in fact, exceeded the plan's targets, with 444 posts vacated instead of the hoped-for 414. Some 285 workers have accepted early retirement, while 159 have opted for voluntary redundancy. The cut will be achieved by 161 pre-retirement measures aimed at workers of 57 years of age and more. Ford presently employs 2,340 people at Blanquefort.
Sources
20 April 2006: La Tribune
20 April 2006: Les Echos
19 April 2006: La Tribune
19 April 2006: Les Echos
Citation
Eurofound (2006), Ford Aquitaine Industrie (FAI), Internal restructuring in France, factsheet number 63350, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63350.
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