Restructuring events
European Restructuring Monitor (ERM)
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.
Automotive supplier Timken is to cut 98 positions of a total of 600 at its site in Colmar.
Reportedly, this is due to the end of two important contracts with car manufacturers.
According to the social plan presented to the central works council, the management expects 60 departures in early retirement. Furthermore, it intends to negotiate a “competitiveness agreement” in order to change the working time and to cancel a night shift.
Timken Europe and Timken France SAS are subsidiaries of Timken group based in the US. In 2009, the company announced to cut 300 positions in France, including 165 in Colmar (see ERM factsheet).
Update, 10-01-2014:
Workers have struck twice, claiming better conditions in the social plan.
Eurofound (2013), Timken, Internal restructuring in France, factsheet number 75896, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75896.