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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.29 - Manufacture of other plastic products
100 jobs Number of planned job losses
Announcement Date
6 June 2019
Employment effect (start)
1 December 2019
Foreseen end date
31 December 2020
Description
The pen and lighter manufacturer Bic has announced about 100 jobs cuts at its head office in Clichy (Haut-de-Seine). The job cuts will be implemented at the end of 2019. The group explains that its profitability deteriorated in 2018 in a difficult market environment. This reorganization was decided as part of a global transformation plan that includes approximately 450 job cuts worldwide (see ERM FS) and the creation of 400 new positions. Faced with more aggressive competition, the group's profitability deteriorated last year, with a 1.5 % in its operating margin to 18.1%. The French manufacturer currently has 13,600 employees worldwide, including 1,800 in France.
Eurofound (2019), BIC, Internal restructuring in France, factsheet number 97994, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97994.
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