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
95 jobs Number of planned job losses
Announcement Date
3 April 2014
Employment effect (start)
Foreseen end date
Description
Automotive supplier Trelleborg Modyn announced to cut about 95 positions at its plant in Carquefou (Loire-Altantique). The cuts would affect half of the company’s production employees.
The management explained its decision with the sharp competition of Asian manufacturers and a decrease in demands throughout Europe. The company plans to maintain the site and to restore its competitiveness.
The plant produces anti-vibration components for mainly French car manufacturers. It belongs to TrelleborgVibracoustic since 2011. The group employs 10,000 employees in 38 sites in 18 countries. Its annual turnover in 2012 reached €1.6 billion.
The ERM reported previously on a restructuring at the same site, announced in 2008.
Sources
4 April 2014: Les Echos
3 April 2014: L'usine Nouvelle
Citation
Eurofound (2014), Trelleborg Modyn, Internal restructuring in France, factsheet number 76814, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76814.
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