Monday May 25, 03:57 PM
ABB to restructure business in France and cut jobs
ZURICH (AFP) - Swedish-Swiss engineering group ABB (Virt-X: ABBN.VX - news) will restructure its operations in France and cut jobs due to the economic crisis, a company spokeswoman said Monday.
French magazine La Lettre de L'Expansion said in its Monday edition that ABB would cut 540 jobs at its French sites of Macon and d'Aunay-sur-Odon but the spokeswoman said she was unable to confirm the figure.
She said the group had to first discuss the issue with the union before making formal announcements on job cuts.
"ABB France is facing a structurally difficult market situation in robotics and automation, with significant price erosion," she said.
"The crisis has worsened the situation, with losses in 2008 posted by ABB France confirmed in 2009," she added.
The group, which employs 2,500 workers in about 20 sites across France, has launched a restructuring programme to tackle its two ailing sectors, including the use of forced leave, reductions in temporary workers and sub-contracts.
"But these were insufficient," the spokeswoman said, stressing that ABB would maintain a presence in France.
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
