Nexans

Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Clichy, Lens, Fumay
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.3 - Manufacture of wiring and wiring devices
27.32 - Manufacture of other electronic and electric wires and cables
224 jobs
Number of planned job losses
Job loss
Announcement Date
12 June 2015
Employment effect (start)
1 October 2015
Foreseen end date
30 June 2017

Description

Cable manufacturer Nexans has announced a reorganization that will lead to 206 job cuts by mid-2017 in France out of a total workforce of 2,900 employees. This reorganisation is part of a European-wide restructuring affecting 478 jobs. According to the  union delegate, 70 positions will be cut at the headquarters in Clichy (Hauts-de-Seine), 38 positions at a site in Lens (Pas-de-Calais) and in Fumay (Ardennes). Nexans has lost 333 million in 2013 and 168 million in 2014.

It faces increased competition of low-cost cable providers. In October 2013, Nexans announced 202 job cuts in France (see ERM FS) in the frame of a European-wide restructuring plan. In 2009, the group had also cut 387 positions in France (see ERM FS).

Sources

  • 12 June 2015: Le Monde
  • 12 June 2015: Les Echos

Citation

Eurofound (2015), Nexans, Internal restructuring in France, factsheet number 83703, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83703.