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.
Saint Jean de Luz, Loiret and Lyon (Rhônes Alpes), Orléans, Vendôme (Centre), Aizenay, Cergy Pontoise, Rueil Malmaison (Bassin Parisien)
Sector
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
New offshoring locations
Uknown
350 jobs Number of planned job losses
Announcement Date
15 November 2006
Employment effect (start)
1 December 2006
Foreseen end date
31 December 2006
Description
The Spanish group Fagor, the manufacturer of electric domestic appliances and machines for electric household appliances, announced on 15 November 2006 that in December 2006 Fagor France will cut 350 jobs in France. The measure will mainly affect the units in Saint Jean de Luz, in Loiret and Lyon (Rhônes Alpes), Orléans, Vendôme (Centre), Aizenay, Cergy Pontoise, Rueil Malmaison (Bassin Parisien). The reason for the job cuts is the group's loss of 30 million euro during the first eight months of 2006, including a loss of 13.9 million euro reported by Brandt, a major French manufacturer of electric household appliances, which was bought by the Spanish group Fagor in 2005. In France, after the closure of a factory in the west of France in May 2006, the Fagor group (including Brandt) will cut 350 jobs. This decision results from the general transfer of activities to low cost countries and the increasing imports from China.
Sources
16 November 2006: Les Echos
16 November 2006: DJ Bourse
15 November 2006: Sud Ouest
17 November 2006: La Tribune
Citation
Eurofound (2006), Fagor, Offshoring/Delocalisation in France, factsheet number 64470, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64470.
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