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.
SNCF, the French railway company, announced the continuing of its restructuring programme that saw more than 3,000 job losses in 2003. The company announced 3,505 further job losses by the end of 2004. The management insists that these job cuts will be achieved via natural attrition. The freight division will be most affected. On 13 May 2004, there was a national strike in protest of the redundancies. On 26 May 2004, the workers' representatives have been received by Louis Gallois, SNCF's president.
Eurofound (2004), SNCF, Internal restructuring in France, factsheet number 59839, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59839.