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.
On 28 April 2010, the European aeronautic group Eurocopter announced to the French central Works Council (Comité central d'entreprise) to cut around 400 jobs in France and Germany, including 150 in Germany.
Eurocopter, which has been affected by the crisis that has hit the civil helicopter market, is expected to save 155 million euro each year from now to 2011 in both countries (200 million for the whole group). At the same time, the management intends to create 400 jobs in operational functions (customers services, for example). The company wants to use internal mobility but unions seem to be skeptic given the differences of profiles. The EWC has sought an expert and French unions want to negotiate a plan of voluntary departures.
Eurofound (2010), Eurocopter, Merger/Acquisition in Germany, factsheet number 204509, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204509.
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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