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 25.21 - Manufacture of central heating radiators and boilers
82 jobs Number of planned job losses
Announcement Date
4 April 2017
Employment effect (start)
1 September 2017
Foreseen end date
1 September 2018
Description
The French subsidiary of a Danish company Grundfos, specializing in the manufacturing of heating pumps, has announced a restructuring that will lead to a job reduction of 82 positions on a total workforce of 550 employees. The plant has to cope with a sharp global competition on the market of boilers equipment. The voluntary departure plan has been presented to the works' council at the beginning of April. The first departures are expected in September 2017. In 2102, Grundfos announced an investment plan that led tothe recruitment of 150 employees at its plant in Longeville-lès-Saint-Avold , where 700 people were employed. In 2014 the group has invested €20 million in the plant to adapt it to new EU norms. The Grundfos Group employs 18,500 employees worldwide for a global turnover of €3,32 billion in 2016.
Sources
19 April 2017: L'usine Nouvelle
Citation
Eurofound (2017), Pompes Grundfos, Internal restructuring in France, factsheet number 90797, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90797.
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