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 Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32 - Other manufacturing
130 - 200 jobs Number of planned job losses
Announcement Date
16 March 2006
Employment effect (start)
16 March 2006
Foreseen end date
31 March 2010
Description
ST Dupont, the French company that makes luxury pens and lighters, has announced plans to cut between 130 and 200 jobs before March 2010, representing nearly one quarter of its total workforce (875). The activity fell by 19% over the last nine months. ST Dupont decided to reduce the number of stores and employees in order to reduce its costs, along with cutting down the number of products of luxury. ST Dupont controls approximately 50 of its own shops, in addition to controlling 190 shops and 142 small points of sale. Its products are sold across Europe, the United States, the Middle East, Japan and Asia.
Sources
17 March 2006: La Tribune
17 March 2006: Les Echos
Citation
Eurofound (2006), ST Dupont, Internal restructuring in France, factsheet number 63168, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63168.
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