EMCC European Monitoring Centre on Change

Algeco

Company/Organisation:
Algeco

Geographic Location

Country: France

Company

Sector: Construction
Construction
41 - Construction of buildings
Number Employed: 906

Employment Effects

Announcement Date: 23-04-2009
Planned Job Reductions min: 135
Planned Job Reductions max: 135
Type of Restructuring: Internal restructuring
Direct Dismissals: 61
Other Job Reduction Measures: 74

Additional Information

Algeco, a company specialised in modular contruction, plans to cut of 135 jobs in France. Four regional and 10 out of 18 local agencies will be closed, whereas two company's production sites will not be affected by the cuts. As of 27th April 2009 the restructuring plan is not yet accepted by the trade unions; the negotiations continue.