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 Basic Metals 24.20 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
550 jobs Number of planned job losses
Announcement Date
24 June 2015
Employment effect (start)
1 October 2015
Foreseen end date
1 January 2017
Description
French industrial cylinder company Vallourec is to cut 550 jobs it in France in the framework of the global restructuring plan announced in April 2015. The plan will lead globally to 2,000 jobs cut over the next two years. The announced job cuts represent almost 10 per cent of the company’s global workforce.
All French plants will be affected by the cuts; Vallourec hopes to avoid forced redundancies through natural departures. The main job cuts will affected Vallourec's headquarters in Boulogne-Billancourt (60 jobs), the Aulnoye-Aymeries plant (100 jobs), Déville-lès-Rouen ( 100 cuts on a total of 350) and Saint-Saulve (50 cuts)
Sources
30 April 2015: Les Echos
24 June 2015: L'usine Nouvelle
25 June 2015: Normandie Actu
Citation
Eurofound (2015), Vallourec, Internal restructuring in France, factsheet number 83877, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83877.
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