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 29.32 - Manufacture of other parts and accessories for motor vehicles
1,500 jobs Number of planned job losses
Announcement Date
13 November 2012
Employment effect (start)
1 January 2013
Foreseen end date
31 December 2013
Description
Car equipment manufacturer Faurecia has announced to cut about 1,500 positions by 2013 in Western European countries. These cuts come on top of 1,500 positions that were already cut in 2012. It has yet to be specified where exactly the job cuts will be implemented. The management explained that it is reacting to the downturn of the automotive market.
Faurecia, a subsidiary of PSA Peugeot-Citroën, employs 43,000 employees in Europe and a total of 84,000 world-wide. It is reported that by 2016 more than half of their European employees will work in Eastern Europe, where Faurecia expect to build seven plants.
Sources
13 November 2012: Les Echos
Citation
Eurofound (2012), Faurecia, Internal restructuring in European Union, factsheet number 74489, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74489.
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