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.
Amis, an automotive subcontractor specializing in sprocket manufacturing for gearboxes, is set to cut 188 jobs as part of a newly announced job-saving plan. The closures will affect 40 positions at the Guéret site (Creuse), which will be shut down, and 148 positions at the company’s headquarters in Montluçon (Allier).
The company, currently in receivership, has faced prolonged financial difficulties. Previous efforts to stabilize operations, including the use of partial unemployment schemes introduced during the Covid-19 pandemic, provided temporary relief but failed to ensure it's long-term viability.
The news of the Guéret site closure came as a shock to workers, who attribute the company’s struggles to low-cost competition from India and China.
Eurofound (2024), Amis, Closure in France, factsheet number 202094, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202094.