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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
248 jobs Number of planned job losses
Announcement Date
28 November 2008
Employment effect (start)
1 January 2009
Foreseen end date
31 July 2009
Description
SPBT Barre Thomas, manufacturer of motor equipment and supplier to PSA Peugeot Citroen in Rennes is laying off 248 people. The company was bought out by Silver Point, a private American company with hedge fund interests, in 2006. At the time the company employed 1650 people. A condition of the buyout was that the new owners would not reduce the workforce below 1250 people before July 2009. With a current workforce of 1300 and announced redundancies of 248 it appears unlikely that the company will be able to abide by the condition.
Eurofound (2008), Barre Thomas, Internal restructuring in France, factsheet number 68367, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68367.
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