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 Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
256 jobs Number of planned job losses
Announcement Date
22 October 2007
Employment effect (start)
1 December 2007
Foreseen end date
31 December 2007
Description
Freescale France, a manufacturer of chips for the automotive and telecommunications sectors and a subsidiary of Freescale Semiconductor Inc., has announced that it is to cut 256 jobs during December 2007. The job cuts will affect the firm’s employees in Crolles and Toulouse where 1,800 are currently employed. The Chief Executive Officer of Freescale France has stated that the decision to implement the job cuts is a response to a recent downturn in the firm’s financial results.
Sources
24 October 2007: Les Echos
Citation
Eurofound (2007), Freescale Semiconductor, Internal restructuring in France, factsheet number 65949, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65949.
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