Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
France and other units worldwide
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

600 jobs
Number of planned job losses
Job loss
Announcement Date
9 March 2010
Employment effect (start)
Foreseen end date
1 July 2011

Description

On 11 March 2010, Valeo, manufacturer of automotive components, announced that the company will cut 600 jobs worldwide. It is reported that the internal reorganization of the company will lead to 600 job losses out of 52,000 employees.

The changes are to be implemented by mid-2011.


Sources

Citation

Eurofound (2010), VALEO, Internal restructuring in World, factsheet number 70391, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70391.