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.
Zodiac Nautic has announced plans to relocate its inflatable and rigid inflatable boat production and the majority of their additional activities from China to France and Tunisia. The company began to move production to Ayguesvives (France) in early February 2016, and a second wave of relocation will take place in September 2016, with the production of Bombard brand floats to be shared between France and Tunisia. Minor activities, such as a subcontracting center, will remain in China in order to provide supply to resellers in Australia and Asia. The return of this additional production to the Ayguesvives plant will create 4/8 new jobs in September 2016. Pascal Andriot claims that customers are dissatisfied with the quality of products made in China. The relocation also aims to reduce time to market by approximately four months in comparison with products made in China.
Eurofound (2016), Zodiac Nautic, Reshoring in France, factsheet number 248, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/248.