Type
Closure
Country
France
Region
Méditerranée; Provence-Alpes-Côte d\'Azur; Bouches-du-Rhône
Location of affected unit(s)
Valence
Sector
Manufacturing
Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products
Manufacture Of Rubber And Plastic Products
22 - Manufacture of rubber and plastic products

257 jobs
Number of planned job losses
Job loss
Announcement Date
12 July 2006
Employment effect (start)
Foreseen end date
29 December 2006

Description

Reynolds Valence, a manufacturer of pens and pencils that employs 317 people, has announced that the group it belongs to (the American Newell Rubbermaid) has decided to cut 257 jobs before the end of 2006 and should close the factory definitively. The decision of the CEO is justified by the sales turnover which fell by 16.5% between 2004 and 2006. The trade unions have indicated that the French market of pens is in a 'worrying situation' and that competition is 'strong'.


Sources

  • 13 July 2006: Les Echos

Citation

Eurofound (2006), Reynolds Valence, Closure in France, factsheet number 63769, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63769.