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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
195 jobs Number of planned job losses
Announcement Date
17 April 2009
Employment effect (start)
17 April 2009
Foreseen end date
Description
Schaeffler, a manufacturer of roller bearings, plain bearings, linear systems and precision components for the automotive industry, is to close its timing chain factory in St. Simeon de Bressieux, near Grenoble with a consequent loss of 195 jobs. The production will be relocated to the facility in Calais. The cuts are blamed on the considerable drop in automotive production in the region. According to the company, redundancy packages for the affected workforce were negotiatied with local trade unions.
Sources
17 April 2009: Global Insight Daily Analysis
Citation
Eurofound (2009), Schaeffler, Relocation in France, factsheet number 68743, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68743.
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