Human Resource Management

HRM Guide World HRM Guide USA HRM Guide UK About HRM Guide Student HRM HR Updates Facebook
Search all of HRM Guide

Valeo to continue job cuts

January 12 2002 - Valeo, the French-based automotive supplier has transmitted proposals for a reduction in employment levels to its European Works Council Bureau. Employee representatives will be consulted on:

  • ongoing industrial rationalization
  • the 'adaptation' of employment levels in line with automotive industry activity
  • the ongoing divestiture of non-core activities begun in 2001
  • a resulting reduction in the permanent workforce of about 5,000 people out of a total of 70,000 in its 143 production sites

The main consequences for European workers are:

  • Gradual disengagement from wiring manufacturing in France through a program for the 'Management of Anticipated Employment Levels' affecting 1,370 people. This sites involved are the Cablea operation at Dreux (Eure et Loire) and the Sylea sites of Sissonne (Aisne), Bellegarde (Loiret) and La Bastide (Tarn et Garonne).
  • Transfer of passenger car engine cooling activities of Mjallby (Sweden) to three other facilities in Poland, France and Spain, affecting 200 of the present 600 Swedish employees.
  • Closure of the Mariglianella automotive wiring harness site in Naples, Italy affecting 154 people.

In order to align employment levels to the drop in automotive production, Valeo intends to cut back on temporary workers, and reduce the number of its permanent employees in Europe by around 700.

Non-core activities continues will continue to be divested, specifically a project concerning Plastic Injection at St Aubin (France) - 70 people, and Felizzano (Italy) - 59 people affected.

Valeo says it will "maximize its efforts to find alternative jobs for the employees of the sites affected, through internal and external redeployment initiatives in order to avoid outright redundancies."


International Employment Articles

The trend that was hiding in plain sight: Mobility as a tool for retention
Return of Investment on culture means talent retention success
Expatriate Well-Being Survey
Important Things To Consider When Internationalising Your Business
Tips on Managing Ex-pat Employees Working Abroad



HRM Guide makes minimal use of cookies, including some placed to facilitate features such as Google Search. By continuing to use the site you are agreeing to the use of cookies. Learn more here

Contact
HR Directory
Privacy Policy

Anything But Work
British Isles
Psychology Articles
Copyright © 1997-2024 Alan Price and HRM Guide contributors. All rights reserved.