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.
Auzat (Ariège), Sarbat (Ariège), Compiègne (Oise), Aubage (Bouche du Rhone), Avallon (Yonne), Provins (Seine et Marne)
Sector
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.42 - Aluminium production
607 jobs Number of planned job losses
Announcement Date
1 February 2003
Employment effect (start)
1 February 2003
Foreseen end date
1 December 2003
Description
Pechiney has to restructure due to the drop of the Aluminium price. Several units are affected :
Closure of the unit at Auzat (Ariège), 214 workers.
Dismissals at the unit at Sabat (Ariège) and Compiègne (Oise), 63 job cuts.
Closure of the Aubagne unit (Bouche du Rhône), 60 workers.
Closure of the Avallon unit (Yonne), 140 workers.
Dismissals at the Provins unit (Seine et Marne), 130 job cuts.
Overall, more than 600 lay-offs. The director said that the restructuring plan could be worth due to the industrial situation. Neverthless, the group will offer several redeployment possibilities for the workers dismissed.
Sources
Citation
Eurofound (2003), Pechiney, Internal restructuring in France, factsheet number 59608, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59608.
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