Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Bombardier Transport France, which is being acquired by Alstom, has announced a €25 million investment plan to modernise its Crespin (Nord) plant which will create 400 jobs within a year. Bombardier wants to increase its capacities by creating new production lines, but also to develop digital technology and to install robots to reduce the arduousness of the work. The factory's workforce should increase from 1,600 employees on permanent contracts to 2,000 in 2021. The plant was closed for two months due to COVID-19, 160 new employees have already been hired this autumn, including around 100 workers and around 60 managers, technicians and supervisors. The factory reported a turnover of €823 million in 2019. Its order book is full.
Eurofound (2020), Bombardier Transport France, Business expansion in France, factsheet number 102750, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102750.