Concrete examples

CASE STUDY : PRIVATE EQUITY OWNED MOLEX

Molex is part of a major American-based corporation, the second one in their industry, which is owned in majority by pension funds. In 2004, they bought the Villemur factory (300 workers) in the region of Toulouse (the South West of France), a Car industry sub contractor, and working mainly for Peugeot car manufacturer. The company was healthy and more and more profitable, with 600 000 Euros turnover in 2007 and 1.2 million Euros turnover in 2008. But in January 2009, Molex decided to close down the factory - which means 300 job losses!