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 Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
130 jobs Number of planned job losses
Announcement Date
22 January 2007
Employment effect (start)
1 February 2007
Foreseen end date
2 July 2007
Description
French chemical company Arkema announced on 22 January 2007 that it has approved a reorganisation plan that regards the loss of 130 jobs between February and July 2007 in its Paris headquarters. Activity will be transferred to another district in Paris. Currently, 830 people work in the headquarters.
Additonally, Arkema will be able to go ahead with a planned investment of 20 million euro at its site in Saint-Auban, following an agreement signed last week between several companies that consume large quantities of electricity and the French electricity group Electricité de France (EDF). The agreement will guarantee the companies a price of around 37 euro per megawatt hour within contracts lasting 15 or 20 years, while the current market price of electricity is about 50 euro per megawatt hour.
Sources
24 January 2007: Le Journal des Finances
29 January 2007: Le Parisien
22 January 2007: AFP
Citation
Eurofound (2007), Arkema, Relocation in France, factsheet number 64793, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64793.
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