EMCC European Monitoring Centre on Change

APM

Company/Organisation:
APM

Geographic Location

Country: France
Region: Orne; Basse-Normandie; Bassin Parisien
Location of affected unit(s): Argentan (Orne)

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Number Employed: 358
Group: APM Group

Employment Effects

Announcement Date: 27-05-2003
Planned Job Reductions min: 358
Planned Job Reductions max: 358
Type of Restructuring: Bankruptcy/Closure

Additional Information

The CEO of AMP has announced the shortage of liquidity of the Argentan unit, which implies his closure. Argentan employs 358 workers. Further restructuring measures for the other units of the group, such as Ponts-de-Cé (Maine-et-Loire), Bléré (Indre-et-Loire) and Laval (Mayenne) might be announced soon.

Sources:

27-05-2003Les Echos