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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
New offshoring locations
Not Available
688 jobs Number of planned job losses
Announcement Date
28 June 2006
Employment effect (start)
1 September 2006
Foreseen end date
29 December 2006
Description
Schneider électric SA (22,000 employees in France; 88,870 employees in the world), the manufacturer of equipment for electric distribution, has announced that the group has decided to adopt a new organization which will enable it to focus more on its strategic activities. The group will concentrate the activities in some countries and in particular, in Eastern Europe. Headquartered in France, the Group is present in around 130 countries worldwide. At the end of 2006, 688 employment will be cut.
Sources
29 June 2006: La Tribune
29 June 2006: Le Journal des Finances
Citation
Eurofound (2006), Schneider Electric SA, Offshoring/Delocalisation in France, factsheet number 63699, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63699.
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