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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.51 - Manufacture of instruments and appliances for measuring, testing and navigation
120 - 176 jobs Number of planned job losses
Announcement Date
7 July 2015
Employment effect (start)
1 October 2015
Foreseen end date
Description
Global oilfield services provider Schlumberger is to cut 120 jobs in France out of a total workforce of about 2,000 employees. The job cuts are part of a worldwide restructuring announced in April that involves about 11,000 job cuts. This will reduce the company’s workforce by 10%. However, the union CFDT has announced a higher rate (about 16- 17%). The cuts come in response to falling profits, which the company has blamed on falling crude oil prices and the resulting decline in extraction activities. The Technip group has recently announced about 6,000 jobs cuts worldwide for the same reasons.
Schlumberger employs 115,000 workers in over 85 countries.
Sources
7 July 2015: Le Figaro
7 July 2015: Romandie (with AFP)
Citation
Eurofound (2015), Schlumberger, Internal restructuring in France, factsheet number 83945, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83945.
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