EMCC European Monitoring Centre on Change

Bonna Sabla

Company/Organisation:
Bonna Sabla

Geographic Location

Country: France

Company

Sector: Manufacturing
Manufacture of rubber and plastics products, and other non-metallic mineral products
23.69 - Manufacture of other articles of concrete, plaster and cement
Number Employed: 1000
Group: Bain Capital

Employment Effects

Announcement Date: 25-06-2019
Planned Job Reductions min: 200
Planned Job Reductions max: 250
Type of Restructuring: Internal restructuring
Employment Effect Start: 25-06-2019
Foreseen End Date: 31-12-2020

Additional Information

Concrete product manufacturer Bonna Sabla has announced a restructuring that could lead to the loss of 230 jobs out of a total of 1,000 in France by 2020. A job protection plan was signed on 25 June and runs until the end of October. It concerns all 27 group sites in France. Some will be closed, such as the Bas-en-Basset plant (45 employees, Haute-Loire), if no buyers are found by 8 October. Having been in the hands of the American investment fund Bain Capital for 3 years, Bonna Sabla is the French leader in prefabricated concrete products. According to management, these markets are declining and the business is losing money; this is a cyclical problem linked to the decline in public investment.

Bonna Sabla has already cut about  240 positions on a total workforce of 2,100 employees in 2010. Two previous restructuring took place in 2010 (240 job cuts) and in 2013 (171 job cuts).

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