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.
Ay-Champagne(Marne),Montcornet et Gauchy(Aisne), Etupes(Doubs),Ploërmel(Morbihan),La Cateau-Cambrésis et Cambrai(Nord), Crépy-en-Valois(Oise),Sandouville(Seine-Maritime)
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
700 jobs Number of planned job losses
Announcement Date
25 November 2005
Employment effect (start)
Foreseen end date
Description
Management of Trèves, a company working in the automotive accessories industry announced on 25 November 2005 a redundancy programme involving 700 job losses out of 2,900 workers in France. This decision concerns its nine sites: Ay-Champagne (Marne), Montcournet and Gauchy (Aisne), Etupes (Doubs), Ploërmel (Morbihan), Le Cateau-Cambrésis and Cambrai (Nord), Crépy-en-Valois (Oise) and Sandouville (Seine-Maritime). Reasons given are the decrease of sales prices combined with an increase of raw material's prices. Negociations are to begin in January 2006.
Sources
25 November 2005: Les Echos
Citation
Eurofound (2005), Trèves, Internal restructuring in France, factsheet number 62761, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62761.
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