Faurecia aquires European Company status
Faurecia’s legal status now better reflects the Group's European dimension and strengthens its international image and attractiveness among all stakeholders. In this context, an agreement to organize employee representation through the establishment of a newly created European Company Committee was concluded on 22 October 2018.
The Group currently generates around half of its revenue in Europe, where it employs over 45,000 people, 13,000 of whom in France, based at 110 production centers and 13 research and development centers.
Faurecia continues to be governed by French law and remains listed on the Paris Stock Exchange. The change in legal form has no impact on its headquarters (completed in November 2018), which remains located in Nanterre, France.