Saint-Gobain cuts jobs

Date: 22 October 2008
Source: Saint-Gobain
French building materials manufacturer Saint-Gobain has announced that it will cut 6,000 jobs as part of a €435 million cost reducing plan brought about by worsening global economic conditions.

Company spokeswoman Sophie Chevallon reports that 4,000 of the job cuts will be made this year, accounting for most of €300 million in cost savings this year. The majority of this year’s cuts will be made in the USA at a total of 1,550, followed by the UK with 1,100 job cuts and then Spain with 270.

Saint-Gobain also cut its earnings target for this year, claiming that it now expects to make profits similar to last year’s level, despite showing confidence of achieving modest growth earlier this year.

600450 Saint-Gobain cuts jobs

See more news about:

Others also read

The first sensory perception when entering the production hall: amazingly high degree of cleanliness, bright yellow machinery (combined with subtle gray) and the hiss of LiSEC shuttles that accelerate
HG-glas is a pioneer in glass processing for system wall construction, shower doors and glass trade (including glass for furniture elements) and relies on LiSEC technology.
Sika, the Burkard family and Saint-Gobain have signed agreements which terminate and resolve their dispute to the common benefit of all parties involved and that of their respective shareholders and stakeholders.
Fast, precise glass cutting: Panoramic Components' Macotec cutting table
Panoramic Components are designers and manufacturers of aluminium sliding windows and accessories for the automotive industry and have been in existence for almost 40 years.
New CNC Machine lands at Clarke Facades
Clarke Facades are delighted to welcome the arrival of their new Emmegi Satellite XT, 15m, 5 axis CNC machine into the fabrication branch of our business – Clarke Offsite.
Saint-Gobain Acquires Italian Company Logli Massimo
Saint-Gobain strengthens its glass solutions portfolio.
Semyx Specializes In Custom Waterjet Cutting Machines
Semyx, LLC, offers complete customization on all machines. Each waterjet cutting machine has optional features and accessories to meet the needs of every customer.

Add new comment