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Economy

ORIGINAL FRENCH ARTICLE: L’économie française continue de perdre des usines en 2014

by Kevin Boucaud

French Economy Continued Losing Factories in 2014

Translated Tuesday 24 February 2015, by Gene Zbikowski

Factory closures continued in France in 2014 according to a study published on Feb. 18 by Trendeo, an economic watchdog company.

Last year, 217 factories closed, as against 267 in 2013, according to Trendeo’s Observatory on Jobs and Investment. In addition to this slow-down in factory closures there was a slight increase in factory openings, 163 as against 122 the previous year. Nonetheless, the deindustrialization of France continues, with a net loss of 54 factories.

Moreover, the company notes that “the pace of this development is still insufficient for the net result of openings and closures to be positive.” In addition, the report points out that “the factories that are being created are also smaller and smaller in terms of jobs, with a 32% fall since 2009.” For example, new industrial sites created 49 jobs on average in 2014, as against 59 jobs on average in 2013.


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