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 Somfy Group, world leader in building households automation systems, has just announced a redundancy plan involving the loss of 350 jobs in France and 550 jobs worldwide. Somfy's operations are located in the Haute-Savoie region. The R&D centre in Cluses is expected to be the department most affected by these measures.
According to management, this redundancy plan is considered essential to cope with weak market dynamics. Although the group is in a healthy financial position with a turnover of €1.5 billion in 2024, it is experiencing stagnating volumes and increased international competition.
Negotiations with trade unions are due to begin in February 2026 and are expected to last four months, with voluntary redundancies being the stated priority.
Eurofound (2026), Somfy, Internal restructuring in France, factsheet number 204116, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204116.