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 Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.22 - Manufacture of lifting and handling equipment
50 jobs Number of planned job losses
Announcement Date
4 May 2016
Employment effect (start)
1 September 2016
Foreseen end date
31 December 2016
Description
The group Terex Carnes has announced that it is to cut around 50 positions in its sites of Saint-Vallier near Montceau-les-MinesIn. The reductions are to take place within the framework of a restructuring programme that will affect 600 positions worldwide. The group will organise a meeting with its central works council by the end of May to give details on the restructuring plan and to start negotiations on an employment safeguard plan. The group cite a decrease in orders of crane trucks and heavy container handlers (also known as stackers) as a reason for the restructuring. According to a unionist interviewed by Monceau News, the poor economic situation of the company is not the only explanation for the restructuring, and stated that the management has also failed to make strategic decisions.
Sources
4 May 2016: Creusot Infos
6 May 2016: Montceaux News
Citation
Eurofound (2016), Terex Cranes France, Internal restructuring in France, factsheet number 87541, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87541.
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