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 Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
100 jobs Number of planned job losses
Announcement Date
30 November 2017
Employment effect (start)
1 December 2017
Foreseen end date
31 July 2018
Description
Naval Group's marine renewable energy subsidiary, Naval Energies, has announced 100 jobs cut: 30 Naval Energies' employees will be transferred to the parent company, Naval Group and the subsidiary OpenHydro in Ireland will cut 70 jobs. In total, Naval Energies will eliminate 100 positions out of a total workforce of 260 employees. The company stresses that the market for wind turbine construction at sea is growing at a slower pace than expected.
Sources
30 November 2017: Ouest-France
Citation
Eurofound (2017), Naval Energies, Internal restructuring in European Union, factsheet number 92917, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92917.
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