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.
Management of the automotive parts supplier Faurecia announced on 9 September 2005 the closure of its Beaugency's site (Loiret). This restructuring concerns 157 jobs. Half of the affected employees are over 45 and fear that redeployment measures won't be efficient. Production has been transfered to two other sites in Magny-Vernois (Haute-Saône) and in Portugal. Management announced on 15 November 2005 the suppression of 110 jobs in its site of Pierrepont(Meurthe-et-Moselle). In April 2005, The company had already let go 387 workers.
Eurofound (2005), Faurecia, Closure in France, factsheet number 62360, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62360.