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 Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
260 - 470 jobs Number of planned job losses
210 jobs Number of planned job creations
Announcement Date
13 February 2007
Employment effect (start)
30 April 2007
Foreseen end date
30 April 2008
Description
Tyco Fire and Security France, specialised in investigation and security activities and owned by American Tyco International Ltd., announced on 13 February 2007 a plan of internal restructuring. The company is expected to cut between 260 and 470 jobs between April 2007 and April 2008 and create 210 new jobs in the same period of time. Tyco Fire and Security France, based in Francheville (Rhône), explained that the plan responded to a project of reinvestment and new organisation of its security branch as a result of the firm's reduced market share in France and Europe. Tyco Fire and Security France currently employs 3,200 people in France. Between 2002 and 2004, the company dismissed 440 employees and a further 125 people resigned.
Sources
13 February 2007: Boursorama
13 February 2007: AFP
Citation
Eurofound (2007), Tyco Fire and Security France, Internal restructuring in France, factsheet number 64941, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64941.
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