Desjonquères

Type
Internal restructuring
Country
France
Region
Normandie; Haute-Normandie ; Seine-Maritime
Location of affected unit(s)
Tréport (Seine Maritime)
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23.1 - Manufacture of glass and glass products
23.14 - Manufacture of glass fibres
123 - 461 jobs
Number of planned job losses
Job loss
Announcement Date
20 February 2007
Employment effect (start)
1 January 2008
Foreseen end date
28 February 2011

Description

Desjonquères, a manufacturer of glass fibres, announced on 20 February 2007 that it will cut between 123 and 461 jobs between January 2008 and February 2011 in its factory in Tréport, near Paris. The owner of Desjonquères, Saint Gobain Group, is selling the company and there is already a firm interested in acquiring Desjonquères. Saint Gobain announced that it expects to obtain around 690 million euros from the divestment. In addition, Saint Gobain announced that it would build a new factory in France to manufacture glass wool.

Sources

  • 19 February 2007: La Tribune
  • 20 February 2007: AFP
  • 20 February 2007: Les Echos

Citation

Eurofound (2007), Desjonquères, Internal restructuring in France, factsheet number 64954, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64954.