EMCC European Monitoring Centre on Change

VA Tech JST

Company/Organisation:
VA Tech JST

Geographic Location

Country: France
Region: Rhône-Alpes; Centre-Est
Location of affected unit(s): Lyon

Company

Sector: Manufacturing
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Group: VA Tech

Employment Effects

Announcement Date: 23-02-2004
Planned Job Reductions min: 108
Planned Job Reductions max: 108
Type of Restructuring: Internal restructuring

Additional Information

VA Tech JST, generator manufacturer subsidiary to the Austrian group VA Tech, will shed 108 jobs in Lyon. The company’s turnover has dropped by 30% last year, and it is estimated that the sector is experiencing a worldwide overcapacity of 30%. Unions indicated that they are in negotiations with management and that relations are good.

Sources:

23-02-2004Les Echos