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 Other Transport Equipment 30 - Manufacture of other transport equipment
640 jobs Number of planned job creations
Announcement Date
7 November 2006
Employment effect (start)
1 January 2007
Foreseen end date
31 December 2007
Description
Alstom, the French engineering group, formed a new joint venture with Norwegian shipbuilder Aker Yards, after selling Aker a majority stake in its biggest shipyard, 'Chantiers de l'Atlantique'. The sale was concluded in the first half of 2006. The joint venture will be based in the French west-coast town of Saint Nazaire, the site of the Chantiers de l'Atlantique shipyard, which will be renamed Aker Yards Saint Nazaire. The French shipyards have a healthy order book, including five large ocean liners, three gas carriers, which are under construction for Gaz de France, all due before June 2009. In France, the group employs 3,000 people at the only shipyard located in the French west-coast town of Saint Nazaire. After 170 jobs are to be created in Saint Nazaire before December 2006, the group announced on 7 November that a further 640 new jobs will be created between January and December 2007. The company also announced a widespread review of operations in Finland and France, with plans to cut costs and to triple turnover in France. The new business model is expected to create more than 2,000 jobs in the St Nazaire area (Loire Atlantique) while reducing costs in France. According to Aker Yards France managing director, the new business model will help 'secure and develop shipbuilding activity in the St Nazaire area'.
Sources
9 November 2006: Le Parisien
9 November 2006: Le Monde
8 November 2006: Les Echos
8 November 2006: La Tribune
Citation
Eurofound (2006), Aker Yards, Business expansion in France, factsheet number 64396, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64396.
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