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.
Batimétal, a French manufacturer specializing in metal furnishings for homes, has entered liquidation, leading to the loss of 123 jobs at its facility in Douvres-la-Délivrande. The company had been under receivership since September 2024, and the liquidation process will take effect in 21 days.
The workforce, with an average age of 47, are concerned about the financial strain on their family and the impact on their retirement plans. To mitigate the impact, workers with at least one year of service are eligible for a securitization contract. This arrangement guarantees one year of wages while they seek new employment or offers a bonus if they secure a job within this period.
Eurofound (2024), Batimétal, Bankruptcy in France, factsheet number 201967, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201967.