EMCC European Monitoring Centre on Change

Giat

Company/Organisation:
Giat

Geographic Location

Country: France
Location of affected unit(s): Toulouse, Tarbes, Tulle, Saint-Chamond, Cusset

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
Number Employed: 6250
Group: Giat Industries

Employment Effects

Announcement Date: 13-06-2002
Planned Job Reductions min: 3100
Planned Job Reductions max: 3400
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-07-2002
Foreseen End Date: 01-06-2006

Additional Information

After having cancelled four times its social plan, Giat Industries announced a new plan affecting 3,400 jobs out of 6,250 in France by the end of 2006. In March 2004, the latest social plan implied 3,100 job losses and 580 million euros spent on social measures. There will be 1,300 retirement measures. Workers having to find another job will benefit from up to 1,5 years of paid leave to attend reconversion courses.