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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
1,120 jobs Number of planned job losses
Announcement Date
11 March 2009
Employment effect (start)
1 October 2009
Foreseen end date
31 December 2009
Description
On 11 March 2009 German tyre producer, Continental, announced its plan to close its tyre plant in Clairoix in nothern France with the loss of 1,120 jobs. The layoffs are to be implemented by the end of 2009. In June, Continental reached an agreement with trade unions, which refused the initial proposal of 17,000 EUR in compensation. The company will give the laid-off workers a one-off severance payment of 50,000 EUR.
With sales of more than €24 billion in 2008, the Continental ranks among one the top automotive suppliers worldwide. The group employs about 133,000 people in 35 countries worldwide.
Eurofound (2009), Continental, Closure in France, factsheet number 69088, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69088.
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