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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.72 - Manufacture of locks and hinges
265 jobs Number of planned job losses
Announcement Date
9 October 2020
Employment effect (start)
12 October 2020
Foreseen end date
Description
The automotive equipment supplier Inteva Products France, following a court order in relation to its receivership will close the Saint-Dié-des-Vosges plant (where car locks are manufactured). The 223 Vosges plant's employees will be made redundant.
Inteva Products France, is being taken over by its own American shareholder Inteva Products LCC. The automotive equipment supplier thus retains all of its workforce at Esson (Calvados), where 238 employees work, as well as a majority of the employees at the Sully-sur-Loire (Loiret) site (118 out of 160).
Sources
9 October 2020: La République du Centre (www.larep.fr)
Citation
Eurofound (2020), Inteva Products France , Merger/Acquisition in France, factsheet number 102078, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102078.
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