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 management of automotive supplier Marelli has announced the closure of its plant in Argentan (Orne) by early 2024, resulting in the loss of 167 jobs. The plant is specialised in the manufacture of throttle bodies, an engine component that controls air intake and has a major impact on fuel consumption and CO2 emissions. According to management, the plant will have to cope with a significant drop in orders in 2024, and forecasts for the following years are also down sharply. Management confirmed to employees that the plan is to relocate production to Slovakia. Two weeks earlier the announcement, the group had declared the closure of the Crevalcore site (230 employees) in Italy. The closure also affected another plant in France, at Saint-Julien-du-Sault (Yonne), with 125 job losses announced. The trade unions are not surprised by this announcement. The workforce went on strike for around twenty days at the beginning of the year.
Eurofound (2023), Marelli Argentan France, Offshoring/Delocalisation in France, factsheet number 200422, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200422.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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