EMCC European Monitoring Centre on Change

Eolane

Company/Organisation:
Eolane

Geographic Location

Country: France
Location of affected unit(s): Vailhauquès, Roncq, Montceau

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26.12 - Manufacture of loaded electronic boards

Employment Effects

Announcement Date: 29-09-2017
Planned Job Reductions min: 260
Planned Job Reductions max: 260
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2017
Foreseen End Date: 31-12-2020

Additional Information

The group Eloane, a manufacturer of electronic devices, has announced a restructuring that will lead to close three of its sites by 2020 , entailing 260 job cuts. During a works council meeting, the management announced the closure of Vailhauquès (Hérault) in 2018 (35 jobs), Roncq (Nord) in 2019 (135 employees) and then Montceau-Les-Mines (Saône-et-Loire) (90 employees). According to the Group's management, in France, the restructuring is due to reorganisation of plants and human resources to maintain competitiveness. 

At the Montceau plant, the employees stopped their work on 11 October to organise a meeting with their unionist of the CGT.
Eolane recently turned to the support of investors 'to avoid the bankruptcy of the group', according to the management. The Eolane group subsequently sold 49% of its capital to the investment fund Hivest Capital Partners.