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.
520 jobs Number of planned job losses
Announcement Date
18 December 2007
Employment effect (start)
1 July 2008
Foreseen end date
31 December 2009
Description
The Swedish group SKF AB, the world's largest producer ball bearings, has announced that it has decided to close its manufacturing facility in the Fontenay-le-Comte in France in order to streamline production and improve efficiency. It is expected that 320 workers will be offered employment in other French sites of SKF AB, and a further 200 jobs will be lost between July 2008 and December 2009.
The CEO said these are the most important steps in the group's ongoing activities to reduce costs and improve efficiency in its operations. The Company has over 100 manufacturing sites and also sales companies in 70 countries, supported by approximately 15,000 distributor locations.
Sources
19 December 2007: Les Echos
19 December 2007: Ouest-France
20 December 2007: Ouest-France
19 December 2007: La Tribune
Citation
Eurofound (2007), SKF France SA, Closure in France, factsheet number 66132, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66132.
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