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 27.2 - Manufacture of batteries and accumulators
250 jobs Number of planned job creations
Announcement Date
5 December 2006
Employment effect (start)
1 December 2006
Foreseen end date
1 December 2010
Description
The family owned German group Viessmann announced on 5 December 2006 that the it wants to increase its market share in France. The company, a manufacturer of solar panels, currently employs 830 people in France and has experienced an annual sales growth of 22%. The group decided to accelerate its industrial and commercial development with a capital spending programme of 90 million euro spread out over six years (2005-2010). As a result of this, Viessmann France is expected to create 250 new jobs between December 2006 and December 2010.
Sources
5 December 2006: Frankfurter Rundschau
6 December 2006: Les Echos
Citation
Eurofound (2006), Viessmann France, Business expansion in France, factsheet number 64574, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64574.
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