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 Lapeyre group of joinery shops has announced to staff representatives a new job cuts plan involving 200 redundancies, representing almost 10% of the group's workforce in France (2,000 employees). The positions will be cut in the shops, some factories and at the head office. Lapeyre group, that was part of Saint-Gobain group, was taken over by Mutares in 2022. The plan includes the permanent closure of shops in Strasbourg (Bas-Rhin), Calais (Pas-de-Calais) and Audincourt (Doubs), as well as job cuts in 22 other shops in France. In the Parisian region, the shops in Nanterre (Haut-de-Seine), Arcueil (Val-de-Marne) and Pompadour (Val-de-Marne) are to be placed under independent management to reduce the wage bill, affecting 100 full-time equivalents. Closures were already announced for the autumn, in Paris, Gennevilliers (Haut-de-Seine), Prado (Bouches-du-Rhône), Colmar and Mulhouse (Haut-Rhin). The FO union is denouncing the job cuts that have already taken place in recent months and the acceleration of restructuring two years after Mutares bought Lapeyre from the Saint-Gobain group.
Eurofound (2024), Lapeyre, Closure in France, factsheet number 201406, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201406.