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
300 - 305 jobs Number of planned job losses
Announcement Date
23 October 2008
Employment effect (start)
Foreseen end date
Description
Texas Instruments, a US semi conductor manufacturer based in the south of France, has announced it will lay off 300 employees. The company is based in Villeneuve-Loubet and employs 920 people at its site there. The company has already cut some sub-contractor jobs at the factory, and now is is focusing on direct employees. There is no information on the number of sub-contractor jobs previously cut. Of the 300 - 305 employees to lose their jobs, 130 will be achieved via direct dismissals, while 170 are expected to be achieved using voluntary redundancies and early retirement.
The company is expected to sign a convention with local institutions to help boost the job market of the region, to endeavour over the next three years to create as many jobs as have been cut.
Sources
9 March 2009: Les Echos
3 February 2009: Les Echos
23 October 2008: Les Echos
Citation
Eurofound (2008), Texas Instruments, Internal restructuring in France, factsheet number 68526, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68526.
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