EMCC European Monitoring Centre on Change

Amtel

Company/Organisation:
Amtel

Geographic Location

Country: France
Region: Pays de la Loire; Ouest
Location of affected unit(s): Nantes

Company

Sector: Manufacturing
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Number Employed: 600

Employment Effects

Announcement Date: 28-02-2003
Planned Job Reductions min: 350
Planned Job Reductions max: 400
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 01-12-2003

Additional Information

Amtel is looking for a new ownership for his Nantes unit. Director said if no new owner is found by the end of the year, unit could be closed. 400 workers are threatened, the rest, out of 600 workers, will stay at the Amstel R&D division.