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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.12 - Shaping and processing of flat glass
4,000 - 6,000 jobs Number of planned job losses
Announcement Date
28 July 2008
Employment effect (start)
28 July 2008
Foreseen end date
31 December 2008
Description
Saint-Gobain, a French glass building materials supplier, has announced that it is to dismiss 4,000 to 6,000 workers out of 210,000 employed worldwide due to the worsening of the market situation. It was reported that 2,920 jobs will be lost in the United States, Great Britain and Spain. The job losses are expected to be implemented by the end of 2008. Saint-Gobain's restructuring plan is aimed at saving up EUR 435 million.
Sources
28 July 2008: Hospodárske noviny
Citation
Eurofound (2008), Saint-Gobain, Internal restructuring in World, factsheet number 66922, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66922.
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