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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture Of Parts And Accessories For Motor Vehicles
122 jobs Number of planned job losses
Announcement Date
27 September 2024
Employment effect (start)
27 December 2024
Foreseen end date
Description
On September 25th, during a Works Council meeting, the French automotive equipment manufacturer Group Novares announced the closure of their Ostwald (Bas-Rhin) site, specializing in trim and plastic injection, where 122 people are employed. This decision follows a failed commercial negotiation with the British company Ineos, facing financial difficulties. However, the site's sales have been in decline since 2018, dropping from a monthly average of €3.75 million to €1 million.
Unions have announced a demonstration for October, and the Paris-based firm Oneida is actively searching for a buyer for the site.
Group Novares, formerly known as Mécaplast, previously restructured in 2009, cutting 138 jobs Mécaplast 2009 - FR.
Eurofound (2024), Groupe Novares, Closure in France, factsheet number 201667, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201667.
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