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 Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32 - Other manufacturing
104 - 106 jobs Number of planned job losses
Announcement Date
18 January 2011
Employment effect (start)
31 March 2011
Foreseen end date
31 December 2011
Description
On January 18th, the road sign and sign-board manufacturer, SES (498 employees), announced its intention to cut 106 jobs in France including 40 at its two plants in Touraine and the closure of two sites in Wattignies (Nord) and Chaudun (Aisne). The management cites its need to increase efficiency during the economic downturn and a general price decrease (-50% since 2006) as the reason for the redundancies. The group was recently fined for participating in a illegal cartel with eight other firms from 1997 to 2006. The firm had to pay a fine of 52.7 million euro last year. Management said direct dismissals will be avoided and the job losses will be implemented by means of internal mobility and voluntary departures. The job reduction will take effect from the end of March.
Sources
20 January 2011: La Nouvelle République
23 March 2011: Les Echos
Citation
Eurofound (2011), Groupe SES - Sécurité et Signalisation, Internal restructuring in France, factsheet number 71487, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71487.
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