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 Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
168 jobs Number of planned job losses
Announcement Date
19 July 2013
Employment effect (start)
1 September 2013
Foreseen end date
Description
On 19 July 2013, Sony announced the take over of its last plant in France, in Ribeauvillé, with 168 job cuts. From the 1st of September, Sony will merge with the French company Cordon electronics (1500 employees). Sony will keep 51% of the capital and Cordon Electronics will have the remaining 49% with the aim to be the only owner by 2014. The new owner expects to reduce the sites's losses by 2016-2017 attracting new clients.
Sources
19 July 2013: L'Expansion-L'Express
29 May 2013: Les Echos
Citation
Eurofound (2013), Sony, Merger/Acquisition in France, factsheet number 75696, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75696.
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