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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
3,100 - 3,400 jobs Number of planned job losses
Announcement Date
13 June 2002
Employment effect (start)
1 July 2002
Foreseen end date
1 June 2006
Description
After having cancelled four times its social plan, Giat Industries announced a new plan affecting 3,400 jobs out of 6,250 in France by the end of 2006. In March 2004, the latest social plan implied 3,100 job losses and 580 million euros spent on social measures. There will be 1,300 retirement measures. Workers having to find another job will benefit from up to 1,5 years of paid leave to attend reconversion courses.
Sources
27 February 2003: Les Echos
3 August 2003: Les Echos
2 March 2004: Les Echos
13 June 2003: La Tribune
Citation
Eurofound (2002), Giat, Internal restructuring in France, factsheet number 59342, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59342.
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