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.
According to the article published on Tuesday 4 January in ‘Les Echos', the French public railways company SNCF announced that its budget prevision for 2005 will include a €113 million profit. This will be made possible thanks to massive reduction costs and through the cut of 3,590 jobs by the end of the year 2005. This staff reduction corresponds to half of the 7,300 employees who are supposed to go for retirement and won't be replaced. Unions decided to go on strike the 19th of January 2005.
On 6 May 2005, SNCF gave more details on the location of the jobcuts and announced that 586 railwaymen's jobs will be suppressed in Lorraine
Eurofound (2005), SNCF, Internal restructuring in France, factsheet number 61054, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61054.