Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products
Manufacture Of Other Non-Metallic Mineral Products
23.12 - Shaping and processing of flat glass

4,000 - 6,000 jobs
Number of planned job losses
Job loss
Announcement Date
28 July 2008
Employment effect (start)
28 July 2008
Foreseen end date
31 December 2008

Description

Saint-Gobain, a French glass building materials supplier, has announced that it is to dismiss 4,000 to 6,000 workers out of 210,000 employed worldwide due to the worsening of the market situation. It was reported that 2,920 jobs will be lost in the United States, Great Britain and Spain. The job losses are expected to be implemented by the end of 2008. Saint-Gobain's restructuring plan is aimed at saving up EUR 435 million.


Sources

  • 28 July 2008: Hospod├írske noviny

Citation

Eurofound (2008), Saint-Gobain, Internal restructuring in World, factsheet number 66922, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66922.