EMCC European Monitoring Centre on Change

La Française de Mécanique

Company/Organisation:
La Française de Mécanique

Geographic Location

Country: France
Location of affected unit(s): Douvrin, Charleville, Sept-Fons, Sochaux and Mulhouse.

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
Number Employed: 5700
Group: PSA & Renault

Employment Effects

Announcement Date: 03-02-2003
Planned Job Reductions min: 869
Planned Job Reductions max: 869
Type of Restructuring: Bankruptcy/Closure
Employment Effect Start: 01-03-2002

Additional Information

La Française de Mécanique, which is part of PSA Group and Renault has announced a huge investment strategy creating new employments. Neverthless, at the same time, the company announced the closure of one foundry that threatened 705 workers and 164 temporary workers.