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
540 jobs Number of planned job losses
Announcement Date
14 September 2009
Employment effect (start)
1 November 2009
Foreseen end date
31 December 2009
Description
The commercial court of Lyon (Rhônes-Alpes region) has announced that the restructuring plan of the electric machinery manufacturer ABB, which includes the reduction of 540 jobs between October and December 2009, is legal.
Unions of the ABB group contested the court's decision and asked the management for additional documents on its social plan but their claims were dismissed. The judge found that the lack of information provided to the trade union experts was not evident, that the case was not of great emergency and that it was thus not within the court's jurisdiction.
Sources
14 September 2009: Le Parisien
25 August 2009: La Correspondance Economique
31 August 2009: Le Parisien
1 September 2009: Le Progrès
Citation
Eurofound (2009), ABB, Bankruptcy in France, factsheet number 69451, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69451.
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