Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49 - Land transport and transport via pipelines

780 jobs
Number of planned job losses
Job loss
350 jobs
Number of planned job creations
Job creation
Announcement Date
9 June 2005
Employment effect (start)
Foreseen end date

Description

Management of Eurotunnel announced in June 2005 a redundancy programme involving 780 job losses. Jacques Gounon, the new managing director, explained that about 350 jobs would nevertheless be created within the restructuring programme. A large part of the suppressions will be dealt with through voluntary resignations (300).


Sources

  • 9 June 2005: Les Echos
  • 21 June 2005: Les Echos
  • 8 July 2005: Les Echos

Citation

Eurofound (2005), Eurotunnel, Internal restructuring in France, factsheet number 61890, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61890.