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.
The manufacturer of furniture Cauval Industries announced on 1 December 2005 the restructuring of several sites. The company will cut 335 jobs amongst the 1,500-strong workforce . 216 voluntary resignations are expected. The site of Luxeuil (Meurthe-et-Moselle) will be closed, 30 jobs will be suppressed in Séverac-le Château (Aveyron). Bar-Sur-Aube site will lose 117 jobs and 17 direct dismissals will affect the site of Lognes (Seine-et-Marne). Asian and Eastern Europe competition were reasons evoked behind the restructuring.
Eurofound (2005), Cauval Industries, Internal restructuring in France, factsheet number 62753, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62753.