Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
France
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28.22 - Manufacture of lifting and handling equipment

153 jobs
Number of planned job losses
Job loss
31 jobs
Number of planned job creations
Job creation
Announcement Date
9 October 2013
Employment effect (start)
23 January 2014
Foreseen end date

Description

The elevator manufacturer ThyssenKrupp Elevator is to cut its workforce by 289 positions and to create 31 work places.

The company is to dismiss 184 workers and cut 105 already vacant positions by non-replacements. With a further job creation of 31 places, the net employment effect is to amount to 258 job cuts.

The restructuring is announced as part of a plan to ensure competiveness after the company had run deficits in the past couple of years.

According to a union representative, the plant at Angers, employing 500 staff, will not be affected by the measures. Furthermore, unions called workers to strike against the cuts on 29 October.

ThyssenKrupp employs a total of 2,600 staff in the production of elevators in France. The group is based in Germany, employing over 150,000 staff in about 80 countries. Earlier this year, it had announced a large world-wide restructuring to save 2 billion euros by 2015.

Updated, 24-09-2014: Finally the number of job cuts decreased to 153 instead of 289.


Sources

  • 24 September 2014: Ouest France
  • 18 October 2013: Challenges
  • 18 October 2013: Le Monde
  • 18 October 2013: cBanque

Citation

Eurofound (2013), Thyssen Krupp Elevator, Internal restructuring in France, factsheet number 76037, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76037.