Wagon Automotive

Type
Merger/Acquisition
Country
France
Region
Auvergne-Rhône-Alpes;
Location of affected unit(s)
Beaucourt (Territoire de Belfort), Bessines-sur-Gartempe (Haute-Vienne), La Souterraine (Creuse)
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
140 jobs
Number of planned job losses
Job loss
Announcement Date
23 May 2006
Employment effect (start)
Foreseen end date
29 December 2006

Description

The acquirer of three French sites owned by Wagon Automotive plans to cut 140 jobs out of 800 in total at the factories. According to union sources, most seriously affected by the cuts will be the factory at Beaucourt (Territoire de Belfort), where 100 jobs will go. The other two sites are at Bessines-sur-Gartempe (Haute-Vienne) and La Souterraine (in Creuse).

Sources

  • 24 May 2006: Les Echos

Citation

Eurofound (2006), Wagon Automotive, Merger/Acquisition in France, factsheet number 63538, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63538.