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
210 jobs Number of planned job losses
Announcement Date
3 March 2010
Employment effect (start)
15 August 2010
Foreseen end date
15 August 2010
Description
Siemens is to close a steel engineering site in Saint-Chamond in France's Loire region with the loss of 210 employees in August. 590 people were employed at the site but 380 jobs are to be transferred to a nearby Siemens Metal Techonoligies plant in Montbrison, Loire. A tense dispute between workers and management in the run-up to the closure announcement resulted in two of the site's managers being kidnapped. A redundancy deal was eventually offered to laid off workers worth between €25,000 and €45,000 but unions were unhappy of the details of this package.
Eurofound (2010), Siemens, Relocation in France, factsheet number 70327, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70327.
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