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.
LAT Nitrogen (priorly Borealis), a company specialised in nitrogen fertilizers, announced the transformation of its site in Grandpuits-Bailly-Carrois (Seine-et-Marne). 128 jobs out of the total workforce of 140 will be cut. This decision was made by the Czech owner who is not satisfied with the rentability of the site. Other factors have played a role such as the high energy costs, and unfair competition.
The twelve remaining employees will support the transformation of the site in a fertiliser storage unit, of products coming from Normandy.
Trade unions and employees will strike in March, following which negotiations with management will debate. The job saving plan will take place until July. The job cuts will take place in a year.
Several large-scale restructurings have been recorded in the ERM database with the latest Borealis Agrolinz Melamine 2010 - AU.
Eurofound (2026), LAT Nitrogen, Closure in France, factsheet number 204595, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204595.