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.
Schneider Electric, the manufacturer of equipment for electric distribution, has announced a restructuring programme which involved the closure of three sites: Pacy-sur-Eure (230 jobs), Angoulême (300 jobs), Grenoble (464 jobs) and the reorganization of its Longvic's site near Dijon where 49 jobs will be suppressed out of 240 jobs. Management decided to spread the measures over 2006 and 2007 and rely on early retirements (280 people) and redeployment.
Eurofound (2005), Schneider Electric, Closure in France, factsheet number 61895, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61895.