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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
New offshoring locations
Various Locations
575 jobs Number of planned job losses
Announcement Date
25 August 2003
Employment effect (start)
Foreseen end date
Description
In August 2003, STMicroelectronics was going to close its unit of Rennes, affecting 575 jobs (465 salried workers and 110 temporary workers). The non-temporary workers should be replaced at other units of the company. All temporary workers were being dismissed. STMicroelectronics decided to transfer the French production plant in Asia. In February 2004, Solution Plastique, a local industry, announced its intention to take on 100 to 150 STM workers within 2 years. In the meantime, unions were still strongly protesting against the delocalisation of the company. On 5 July, the courts refused to cancel the social plan, as requested by the unions. On 9 July, 49 workers were relocated internally, 51 had found a job elsewhere, 21 beneficiated from an early-retirement measure, 4 had created their own business. 252 workers were dismissed. 106 were still waiting for a decision.
Sources
9 July 2004: La Tribune
5 July 2004: La Tribune
25 February 2004: Les Echos
25 August 2003: Les Echos
Citation
Eurofound (2003), STMicroelectronics, Offshoring/Delocalisation in France, factsheet number 59143, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59143.
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