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 Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
145 jobs Number of planned job losses
Announcement Date
20 October 2009
Employment effect (start)
1 October 2008
Foreseen end date
31 December 2009
Description
Legris, a French manufacturer of fluid circuit components and systems for pneumatic, hydraulic, and chemical processing applications, has announced that it is to cut 145 jobs between October 2008 and December 2009. 45 jobs will be reduced through voluntary departures. The management blamed the job losses on the company's deteriorated performance as sales dropped by 40% in the first nine months of 2009. Parker Hannifin bought Legris in 2008.
Eurofound (2009), Legris, Internal restructuring in France, factsheet number 69722, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69722.
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