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.
Alcan Inc announced on 25 November 2004 that it begun consultations with employee representatives on a proposed restructuring involving nine of its European sites. This intended measure is a result of changing market conditions and business realities. The proposed restructuring effort would include the downsizing of four sites - Laffon in Italy, Kolin in the Czech Republic, Froges (pharmaceutical workshop) in France and Alcan Mass Transportation Systems (AMTS) business unit in Zurich, Switzerland; two potential sales - Mercus and Froges (high purity business) in France, and three plant closures - Flemalle in Belgium, Cruseilles in France, and Garbagnate in Italy. In Europe, the proposed job reduction is of approximately 520 jobs, partially offset by the expected creation of 40 new jobs in France and Switzerland, as well as other additional jobs in Italy. Alcan currently employs 46,000 people in Europe.
Eurofound (2004), Alcan, Internal restructuring in European Union, factsheet number 61146, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61146.