Valeo has launched a sweeping restructuring of its European operations. This will lead to fewer but larger west European plants. The group said it would strengthen its UK presence particularly, its facilities at Gorseinon, in south Wales and Blyth, in northern England. The company has 70 European plants.
The rationalisation is expected to concentrate on factories that make components for the systems Valeo supplies to big car firms.
- Financial Times 25/02/97 page 21
