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.
Motion control technologies and systems manufacturer Parker Hannifin France, part of the global US-based Parker Hannifin Corporation, is to cut at least 187 jobs in France.
On 25 September, Parker Hannifin has announced to its Central works council a major restructuring plan affecting about 15% of its total workforce across 12 of its 13 French sites.
As announced, the plan envisages 81 job cuts (out of 163 total jobs) at its site in Dijon due to relocation of the activities to the Czech Republic, 63 job cuts (out of 160 total jobs) at its site in Annemasse (38 additional jobs will be redeployed within other company sites) and 43 job cuts (out of 264 total jobs) at its site in Contamine-sur-Arve.
Additionally, according to the sources the company announced plans to close its factory at Guer and redeploy its 52 staff within its plants in Saint-Marcel (36 jobs) and in Baillé ( Ille- et-Vilaine) (16 jobs).
For information about a previous restructuring in France see here.
The group has also announced job cuts in Norway, Sweden, Germany, Italy and two site closures in the Netherlands.
Eurofound (2013), Parker Hannifin France, Internal restructuring in France, factsheet number 75921, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75921.