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.
France (Lille, Morlaix, Dijon, Tonneins), Spain (Sevilla, Tarragona, Cadix)
Sector
Manufacturing (12) Manufacture of tobacco products 12 - Manufacture of tobacco products 12 - Manufacture of tobacco products
1,678 jobs Number of planned job losses
Announcement Date
24 July 2003
Employment effect (start)
1 January 2004
Foreseen end date
1 December 2005
Description
Altadis group announced a Europe-wide restructuring plan affecting 1,678 jobs in France and Spain. The measure is due to the decrease in the tobacco consumption market. Many units will be closed affecting 701 jobs in France and 977 jobs in Spain between the beginning of 2004 and the end of 2005.
Sources
19 April 2004: La Tribune
24 July 2003: Les Echos
Citation
Eurofound (2003), Altadis, Internal restructuring in European Union, factsheet number 59281, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59281.