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.
130 jobs Number of planned job losses
Announcement Date
22 April 2010
Employment effect (start)
22 April 2010
Foreseen end date
30 July 2010
Description
Construction equipment manufacturer Bobcat plans to cut 130 jobs at its Pontchâteau unit in western France. The company has suffered a 50% drop in orders during the recession and sees no sign of a recovery soon. Unions plan to protest against the number of layoffs, with fears also that the entire research and development unit may be offshored to the Czech Republic soon. The restructuring plan is highly controversial for local politicians too as Bobcat had received €400,000 public aid in 2008.
Sources
22 April 2010: Le Figaro ()
Citation
Eurofound (2010), Bobcat, Internal restructuring in France, factsheet number 70544, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70544.
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