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.
Germany, France, Netherlands, Switzerland, United States
Sector
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
625 jobs Number of planned job losses
Announcement Date
31 March 2010
Employment effect (start)
Foreseen end date
Description
The management of Grass Valley (2,607 employees), a subsidiary of Technicolor (formerly Thomson), announced, at the end of March the redundancies of 625 employees worldwide including 327 in France, 70 in the Netherlands, 64 in Germany. In France, where the company employs 884 people, the measures of collective dismissal for economic reasons will commence "as soon as possible" and affect sites at Rennes with 182 jobs lost out of 418, Conflans-Sainte-Honorine (113 of 392) and Brest (26 of 73). Grass Valley manufactures electronic boards and equipment for professional imaging, and is the subject of a proposed transfer that Frederic Rose, CEO of Technicolor, wants to finalize this year.
Sources
1 April 2010: Les Echos
Citation
Eurofound (2010), Grass Valley, Internal restructuring in World, factsheet number 70389, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70389.
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