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 Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.5 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy
135 jobs Number of planned job losses
51 jobs Number of planned job creations
Announcement Date
11 May 2006
Employment effect (start)
Foreseen end date
29 December 2006
Description
Setforge L'Horme, the French Forging company controlled by Setforge (728 employees), has announced that it will cut 135 jobs from 230 in L'Horme (Loire). 68 jobs are to be transferred. Some employment (administrative of white collars) will be transferred to the holding (Setforge) and other employment will be included in the factories (in: Saone-et-Loire, Puy-de-Dome and Aisne). Furhtermore, the other factories (Saone-et-Loire, Puy-de-Dome and Aisne) will create 51 new jobs in addition in order to develop their productions. The trade unions are not satisfied and requested that contacts be made with other companies (outside of the group, but localised in L'Horme) so that the employees losing their jobs at Setforge could still have employment opportunities in L'Horme.
Sources
12 May 2006: Les Echos
Citation
Eurofound (2006), Setforge L'Horme, Relocation in France, factsheet number 63468, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63468.
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