VA Tech JST

Type
Internal restructuring
Country
France
Region
Auvergne-Rhône-Alpes; Rhône-Alpes; Rhône
Location of affected unit(s)
Lyon
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
108 jobs
Number of planned job losses
Job loss
Announcement Date
23 February 2004
Employment effect (start)
Foreseen end date

Description

VA Tech JST, generator manufacturer subsidiary to the Austrian group VA Tech, will shed 108 jobs in Lyon. The company's turnover has dropped by 30% last year, and it is estimated that the sector is experiencing a worldwide overcapacity of 30%. Unions indicated that they are in negotiations with management and that relations are good.

Sources

  • 23 February 2004: Les Echos

Citation

Eurofound (2004), VA Tech JST, Internal restructuring in France, factsheet number 59050, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59050.