VA Tech JST
Location of affected unit(s):
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
VA Tech JST, generator manufacturer subsidiary to the Austrian group VA Tech, will shed 108 jobs in Lyon. The companys 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.