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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
250 jobs Number of planned job creations
Announcement Date
6 July 2007
Employment effect (start)
1 October 2007
Foreseen end date
30 December 2011
Description
On 6 July 2007 the French Agency for Industrial Innovation (Agence de l'Innovation Industrielle) announced that it would grant 14.8 million Euros in aid to a semiconductor project led by STMicroelectronics (STM). The G2 Rec project aims to produce a new generation of diodes that will help save energy in electronic equipment. STMicroelectronics G2 Rec is expected to create 250 jobs between October 2007 and December 2011 in its site in Tours (Indre et Loire). STMicroelectronics is an independent semiconductor company that designs, develops, manufactures and markets a range of semiconductor products.
Sources
9 July 2007: Les Echos
6 July 2007: AFP
Citation
Eurofound (2007), STMicroelectronics, Business expansion in France, factsheet number 65584, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65584.
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