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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.21 - Manufacture of gas
253 jobs Number of planned job losses
Announcement Date
21 October 2010
Employment effect (start)
31 January 2011
Foreseen end date
Description
On October 21 the Swiss group Petroplus announced that it is to cut 253 jobs at its site in Reichstett in January 2011, following the end of the information and consultation process. The group intends to close its refinery and convert the plant in a storage unit which would employ only 15 workers. The CFDT union denounced this as a financial decision, rather than a strategic or industrial one, which will result in a loss of almost 1,000 jobs in the area. A study launched by the work council's expert suggested that the plant could in fact survive and have a viable future. The Mayor of Reichstett has stated that the decision was unfair and that the plant made profits last year.
Eurofound (2010), Petroplus Raffinage Reichstett, Internal restructuring in France, factsheet number 71138, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71138.
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