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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
117 jobs Number of planned job losses
Announcement Date
6 October 2004
Employment effect (start)
Foreseen end date
11 October 2004
Description
Vallourec, producer of metallic tubes for the car industry, will close its production unit of Laigneville (Oise), inducing the redundancy of its 117 employees. The unions have approved the social plan. It includes the setting up of a reconversion unit, a €16,000 bonus to the employees accepting before 31 October a position in another Vallourec site, and a €30,000 bonus to the ones accepting a ‘reconversion leave' of six months.
Sources
6 October 2004: Les Echos
Citation
Eurofound (2004), Vallourec Précision Étirage, Closure in France, factsheet number 60708, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60708.
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