Sony

Type
Merger/Acquisition
Country
France
Region
Grand Est; Alsace; Haut-Rhin
Location of affected unit(s)
Ribeauvillé
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
168 jobs
Number of planned job losses
Job loss
Announcement Date
19 July 2013
Employment effect (start)
1 September 2013
Foreseen end date

Description

On 19 July 2013, Sony announced the take over of its last plant in France, in Ribeauvillé, with 168 job cuts. From the 1st of September, Sony will merge with the French company Cordon electronics (1500 employees). Sony will keep 51% of the capital and Cordon Electronics will have the remaining 49% with the aim to be the only owner by 2014. The new owner expects to reduce the sites's losses by 2016-2017 attracting new clients. 

Sources

  • 19 July 2013: L'Expansion-L'Express
  • 29 May 2013: Les Echos

Citation

Eurofound (2013), Sony, Merger/Acquisition in France, factsheet number 75696, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75696.