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
248 jobs Number of planned job losses
Announcement Date
5 October 2024
Employment effect (start)
7 October 2024
Foreseen end date
24 January 2025
Description
Dumarey Powerglide Strasbourg - DPS (formerly Punch Powerglide Strasbourg), a car equipment manufacturer, is cutting 248 jobs, affecting the majority of the factory’s sectors. The factory currently employs 548 workers. Between 200 and 300 temporary workers were already previously dismissed in September. The announcement follows a decision by a major client to stop ordering gearboxes as of August, which accounts for around 85% of the site’s sales. According to the company's management, DPS is facing major difficulties, particularly due to a drop in orders for products intended for conventional vehicles, which cannot be offset by products intended for low-carbon vehicles’.
The Strasbourg plant was the largest site in the Dumarey group, which employs around 3,000 people worldwide and generates sales of €1 billion. This site have already generate around €500 million for the group.
The workers already held a protest at the end of September complaining that the average age in the company is 52 years old.
Eurofound (2024), Dumarey Powerglide Strasbourg , Internal restructuring in France, factsheet number 201703, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201703.
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