Restructuring events
European Restructuring Monitor (ERM)
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.
Saint Jean Industries has announced the recruitment of 100 employees for its site of Saint-Jean d'Ardières (Rhône) in the next 18 months. The company has decided to create an innovation center in its plant which already employs 450 people. This announcement takes place in the framework of modernisation of its eight European factories with a €90 million investment plan which if for half financed through a loan of the European Investment Bank. €10 million will be dedicated to the site of Saint-Jean d'Ardières. Saint Jean Industries intends to contribute to vehicles' weight lightening and the manufacture of lighter parts to reduce vehicles' polluting emissions. With its lighter aluminum parts, the company wants to increase the autonomy distance range of electric vehicles.
Saint Jean Industries employs 2,200 employees world-wide. The modernisation plan focuses on plants located in France, Germany, Croatia and Spain. Their production tool will be more automated.
Eurofound (2017), Saint Jean Industries, Business expansion in France, factsheet number 92364, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92364.