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 27.31 - Manufacture of fibre optic cables
158 jobs Number of planned job losses
Announcement Date
24 January 2019
Employment effect (start)
1 March 2019
Foreseen end date
Description
The management of the cable manufacturer Nexans has announced a reorganisation of its activities in Europe, which should lead to 939 job cuts, including 158 in France. Nexans employs some 2,800 people in France (excluding subsidiaries) out of a total workforce of 25,000 employees worldwide. Nexans generated sales of €6.4 billion in 2017. The 158 positions are expected to be mainly eliminated at its headquarters at La Défense (Paris), and there should be no site closures in France, according to a spokesman. The project aims 'to lighten the company's structure, make it more agile and restore its competitiveness in the long term', according to Nexans's general manager.
Eurofound (2019), Nexans, Internal restructuring in France, factsheet number 96533, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96533.
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