Type
Merger/Acquisition
Country
France
Region
Bassin Parisien; Haute-Normandie; Seine-Maritime
Location of affected unit(s)
Le Havre
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

190 jobs
Number of planned job losses
Job loss
Announcement Date
10 November 2005
Employment effect (start)
1 March 2006
Foreseen end date

Description

GDX Automotive, the manufacturer of automotive parts, settled in Haute-Normandie, will cut 190 jobs out of 335. The company losses amounted to €3.5 million in 2004. A lack of price competitivity was evoked by the company as a reason for the restructuring.


Sources

  • 10 November 2005: Les Echos

Citation

Eurofound (2005), GDX Automotive, Merger/Acquisition in France, factsheet number 62764, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62764.