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.
The Axéréal cooperative group, one of the leaders in the collection and sale of cereals, brewing, general food and flour manufacturing, has announced a reorganisation with 100 site closures in France and more than 220 job cuts. The group is continuing negotiations with the trade unions until 18 January 2021 to finalise the Employment safeguard plan. The overall impact of the Covid-19 pandemic (mainly due to the slowdown in the beer market) 'amounted to €21 million on 30 June 2020', the company estimates.
The group employs 4,000 people worldwide, including 3,000 in France.
Eurofound (2020), Axéréal, Closure in France, factsheet number 102931, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102931.