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 24.10 - Manufacture of basic iron and steel and of ferro-alloys
164 jobs Number of planned job losses
Announcement Date
28 February 2018
Employment effect (start)
1 June 2018
Foreseen end date
31 December 2018
Description
The management of Ascoval has announced to its central works council it will close a production line of its plant at Saint-Saulve (Nord), resulting in 164 job cuts. The plant belongs to the group Ascometal that was taken over in February by the Swiss group Schmolz + Bickenbach (8,900 employees with a turnover of €2.3 billion in 2016). The new owner maintains all the other sites of Ascometal and take over most employees even if the group annouced possible job cuts in the future. The plant of Saint-Saulve is managed by the group Vallourec, co-owner of the site Schmolz + Bickenbach. Vallourec stresses the need to adjust production to a decreasing demand and to cope with sharp competition. It will start dialogue with social partners to mitigate the social impact of the reorganisation.
Sources
28 February 2018: Ouest-France
Citation
Eurofound (2018), Ascoval, Internal restructuring in France, factsheet number 93463, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93463.
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