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.
Nestlé announced on 12 May 2004 the closure of its production site in Saint-Menet to be effective by the end of June 2005. The site employs 427 workers and manufactures soluble coffee and chocolate bars. Following the announcement, the workers blockaded the truck entrance of the factory. Legal, a company specialized in coffee, declared it could have been interested in taking over some parts of the production site. However, Nestlé refused the transfer on 21 May 2004 and the tribunal of Marseille suspended the closure on 28 July 2004 because of a lack of information. Reason evoked is a fall of the orders since the beginning of 2004. The workers are still waiting for their lot.
Eurofound (2004), Nestlé, Closure in France, factsheet number 60466, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60466.