Tréfimétaux

Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Boithorel (Orne), Sérifontaine (Oise), Givet (Ardennes), Niederbruck (Haut-Rhin)
Sector
Manufacturing
(24 - 25) Manufacture of metals
24.4 - Manufacture of basic precious and other non-ferrous metals
24.44 - Copper production
150 jobs
Number of planned job losses
Job loss
Announcement Date
23 May 2003
Employment effect (start)
1 May 2003
Foreseen end date
1 December 2004

Description

CEO announced a restructuring plan affecting at least 150 jobs on 4 different units and at the research centre. 37 jobs will be suppressed at the reasearch centre and the rest will be dismissed on the other units.

The restructuring plan is due to the weakness of the french metal market (shortage of 30% for Tréfimétaux).

Sources

  • 23 May 2003: Les Echos

Citation

Eurofound (2003), Tréfimétaux, Internal restructuring in France, factsheet number 59539, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59539.