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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.5 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy
41 jobs Number of planned job losses
Announcement Date
1 December 2014
Employment effect (start)
2 December 2014
Foreseen end date
31 December 2014
Description
The Commercial court of Paris approved the takeover of automotive supplier Altia La Souterraine by the Italian group GM&S Industry that will keep 280 employees. The new owner has decided a voluntary departure plan to cut about 41 positions. One employee will be transferred to another unit. Altia was placed in receivership since several months.
Sources
1 December 2014: L'usine Nouvelle
Citation
Eurofound (2014), Altia, Merger/Acquisition in France, factsheet number 77943, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77943.
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