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 (29 - 30) Manufacture for transport equipment 29.3 - Manufacture of motor vehicle parts and accessories 29.3 - Manufacture of motor vehicle parts and accessories
650 jobs Number of planned job losses
Announcement Date
10 April 2009
Employment effect (start)
10 April 2009
Foreseen end date
1 September 2009
Description
Treves, a French car components manufacturer, announced that it will close two plants in France (Crepy-en-Valois and Ay) with the consequent loss of about 650 jobs. According to the management, last year Treves revenues decreased by 15%, while in the first quarter of 2009 they plunged by 50%. At the end of February, Treves received EUR 55 million aid from state fund to support car parts manufacturers (FMEA).
Sources
14 April 2009: Les Echos
Citation
Eurofound (2009), Treves, Closure in France, factsheet number 68747, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68747.
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