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 Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32 - Other manufacturing
72 jobs Number of planned job losses
Announcement Date
6 October 2009
Employment effect (start)
1 January 2010
Foreseen end date
31 December 2010
Description
ST Dupont, French manufacturer of stylish lighters, collectible pens and stylish tech gadgets,has announced that it is to cut 72 jobs through voluntary departures in 2009. The restructuring will mainly effect the plant in Faverges (Haute-Savoie) in eastern France. The decision to cut jobs is blamed on the worsening economic environment. ST Dupont recorded a drastic decline in sales over the fiscal year that ended in March 2009. An additional reason for the company's weak financial performance was the fire at its Faverges plant in early 2008.
Sources
8 October 2009: Le Monde
6 October 2009: NouvelObs.com
7 October 2009: Les Echos
: ()
Citation
Eurofound (2009), ST Dupont, Internal restructuring in France, factsheet number 69710, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69710.
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