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 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.
Sources:
23-02-2004Les Echos