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.
Salomon (whose owner is the Finnish sports equipment group: Amer Sports Corp.), has announced the loss of 370 jobs in Rumilly and Metz-Tessy (Haute Savoie) before the end 2006. Amer Sports Corp., which bought Salomon from Adidas in October 2005, said the job cuts are aimed at boosting competitiveness. Salomon employed 1,500 people before the job cuts. The ski production will be relocated to Romania and other Eastern European countries. Amer Sports Corp expects to save more than EUR 40 millions by the end of 2008 as a result of this. In December 2005, the management team of Amer Sports Corp announced (but not realized) the loss of 378 jobs. 800 jobs had already been suppressed since 2004.
Eurofound (2005), SALOMON, Offshoring/Delocalisation in France, factsheet number 62714, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62714.