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 Electrical Equipment 27 - Manufacture of electrical equipment
160 jobs Number of planned job losses
Announcement Date
19 March 2009
Employment effect (start)
19 March 2009
Foreseen end date
Description
Photowatt, a company specialised in manufacturing photovoltaics, is to lay off 160 temporary employees at its site in Bourgoin-Jallieu. The job cuts are blamed on a decrease in demand for solar modules and systems and are a part of wider restructuring program launched at the beginning of last year by ATS group. According to ATS mangement, company is "in a strong position to continue to serve its customer base." The restructuring plan includes layoffs in Cambridge and the sale of the ATS groups's auto parts division. ATS acquired Photowatt in 1997. Photowatt France now employs over 700 people.
Sources
20 March 2009: RECORD STAFF
Citation
Eurofound (2009), Photowatt, Internal restructuring in France, factsheet number 68783, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68783.
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