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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Of Agricultural Raw Materials And Live Animals 46.21 - Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
81 - 91 jobs Number of planned job losses
Announcement Date
9 May 2016
Employment effect (start)
31 August 2016
Foreseen end date
31 December 2016
Description
The US firm Monsanto, which currently employs around 3,700 people in Europe, has announced that it will cut about 81 positions in France from a total workforce of 600 employees. A further 10 positions will be changed and it will close its research and development sites of Nerac (Lot et Garonne) and Andard (Maine-et-Loire) “in the coming months”. If the 10 employees refuse changes to their positions, then a total of 91 employees could be dismissed. According the daily Sud-Ouest, the site of Nerac will close August 31. Of the 4 people currently employed there, one will be relocated within the group and three others will be dismissed. In its press release, the Monsanto group highlights it will create 42 redeployment positions that could be proposed to the employees that are affected by the reorganisation. Monsanto announced in October 2015 that it will cut about 2,600 positions worldwide (from a total of 20,000 employees), or about 13% of its workforce.
Sources
13 May 2016: Sud Ouest
11 May 2016: Monsanto (Press release)
Citation
Eurofound (2016), Monsanto, Internal restructuring in France, factsheet number 87538, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87538.
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