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.
Construction Specialised Construction Activities Specialised Construction Activities 43 - Specialised construction activities
167 jobs Number of planned job losses
Announcement Date
11 December 2017
Employment effect (start)
11 December 2017
Foreseen end date
31 December 2017
Description
The construction company TGL Group has taken over TBI Construction and 213 employees out of a total workforce of 380. TGL, which is based in the region of Lyon expects to increase its activities in the Parisian region with the take over of TBI Construction which is based in Voisins-le-Bretonneux (Yvelines). TBI Construction has been liquidated in August 2017. TGL has taken over mainly employees working in production (engineers, construction engineers, construction managers, specialised employees) rather than support functions. TGL expects a turnover of €270 million in 2018 with the aim to reach €400 million in 2020.
Sources
11 December 2017: Actu.fr
Citation
Eurofound (2017), TBI Construction, Merger/Acquisition in France, factsheet number 92880, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92880.
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