EMCC European Monitoring Centre on Change

Ferraz Shawmut

Company/Organisation:
Ferraz Shawmut

Geographic Location

Country: Spain
Region: Barcelona; Cataluña; Este
Location of affected unit(s): L'Hospitalet de Llobregat

Company

Sector: Manufacturing
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Number Employed: 130
Group: Carbone Lorraine

Employment Effects

Announcement Date: 29-10-2003
Planned Job Reductions min: 130
Planned Job Reductions max: 130
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 01-11-2003
Foreseen End Date: 01-11-2003
Direct Dismissals: 130

Additional Information

Ferraz Shawmut, subsidiary of Carbone Lorraine a french bankrupted company, announced the closure of its activities, affecting 130 jobs. The reasons are a 20% decrease of their orders for the next months.