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 - Manufacture of fabricated metal products, except machinery and equipment
New offshoring locations
Czechia
219 - 534 jobs Number of planned job losses
Announcement Date
12 May 2006
Employment effect (start)
Foreseen end date
29 December 2006
Description
The American group Stanley Works, which bought the French specialist in the Facom tools in 2005 decided to close 3 sites. Part of the activity should be transferred towards other factories in France and part of the activity should be delocalized in Czech Republic (before the end 2006). According to trade unions', 219 to 534 jobs could be lost.
Sources
17 May 2006: Les Echos
Citation
Eurofound (2006), Facom, Offshoring/Delocalisation in France, factsheet number 63530, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63530.
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