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.
Altis Semiconductor, a joint venture between Infineon Technologies, the German manufacturer of electronic components, and U.S. computer group IBM, presented plans for the reorganisation of its site in Corbeil-Essonnes, France. The site currently employs a total of 1,946 staff. The number of production teams at the factory will also be reduced from five to four. Management says that it needs to cut production costs in order to ensure that the site remains competitive, as international competition is intense.
Eurofound (2006), Altis semiconductor, Internal restructuring in France, factsheet number 63311, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63311.