Restructuring events
European Restructuring Monitor (ERM)
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.
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.
On the ERM Events records, previously the company announced some recruitments campaigns: 100 new jobs by 2014 Punch Powerglide 2014 - FR , 200 new hirings by 2016 Punch Powerglide 2015 - FR , 300 new employees by 2021 Punch Powerglide 2017 - FR .
Eurofound (2024), Dumarey Powerglide Strasbourg , Internal restructuring in France, factsheet number 201703, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201703.