EMCC European Monitoring Centre on Change

Aker Yards

Company/Organisation:
Aker Yards

Geographic Location

Country: France
Region: Loire-Atlantique; Pays de la Loire; Ouest
Location of affected unit(s): Saint Nazaire

Company

Sector: Manufacturing
Manufacture of transport equipment
30 - Manufacture of other transport equipment
Number Employed: 3000
Group: Aker Yards

Employment Effects

Announcement Date: 14-04-2006
Type of Restructuring: Business expansion
Employment Effect Start: 31-05-2006
Foreseen End Date: 29-12-2006
Planned Job Creation: 170

Additional Information

Alstom, the French engineering group, is to form a new joint venture with Norwegian shipbuilder Aker Yards, after selling Aker a majority stake in its biggest shipyard, 'Chantiers de l'Atlantique'. The sale is to be concluded on 31 May 2006. It will be based in the French west-coast town of Saint Nazaire, the site of the Chantiers de l'Atlantique shipyard, which will be renamed Aker Yards Saint Nazaire. The French shipyards have a healthy order book, including five large ocean liners, three gas carriers which are under construction for Gaz de France, all due before June 2009. In France, the group employs 3,000 jobs on the only shipyards localised in the French west-coast town of Saint Nazaire. The group should create 170 jobs in Saint Nazaire before December 2006.