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.
Le Monde, the French newspaper, has announced on 21 September 2004 its intention to shed 90 people: 27 employees, 28 middle-management and 35 journalists. The newspaper has indeed registered a loss of € 9.2 million last year and hopes to return to profitability with this move. Unions have been shocked by the speed of the decision making and have opposed the application of the restructuring programme before the end of October.
Eurofound (2004), Le Monde, Internal restructuring in France, factsheet number 60617, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60617.