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
128 jobs Number of planned job losses
Announcement Date
10 December 2009
Employment effect (start)
1 January 2010
Foreseen end date
31 December 2010
Description
The car part manufacturer Inoplast is to reduce its workforce in its Ardèche plant by 128 employees through voluntary departures in 2010. This is due to a drop in orders by 50% in 2009. Management reached an agreement about the restructuring with all trade unions but one. From January 2010 onwards employees will be entitled to the statutory severance payments plus €19,000 if they leave the company voluntarily.
The company is a subsidiary of Plastic Omnium and employs about 1300 people. Inoplast had already reduced its workforce by 76 workers in the beginning of 2009.
Sources
11 December 2009: Les Echos
Citation
Eurofound (2009), Inoplast, Internal restructuring in France, factsheet number 70213, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70213.
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