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 (24 - 25) Manufacture of metals 25 - Manufacture of fabricated metal products, except machinery and equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
414 jobs Number of planned job losses
Announcement Date
13 March 2003
Employment effect (start)
Foreseen end date
1 April 2004
Description
In March 2003, Wärtsilä announced a restructuring plan affectin 114 workers, in which 93 at the Mulhouse unit. 53 early retirements where planned.
In September 2003, Wärtsilä announced new dismissals: 300. 260 at the Mulhouse unit and 40 at the Seclin unit.
Sources
13 March 2003: Les Echos
12 September 2003: Les Echos
Citation
Eurofound (2003), Wärtsilä, Internal restructuring in France, factsheet number 59153, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59153.