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.
VB France (US Group Johnson Control) manufactures batteries for vehicles. Before the end of the year 2006 it is expected to cut 109 jobs out of a total of 469 in Sarreguemines (Moselle). An internal audit noted that: the number of employees was too high, the automation was insufficient and the line of goods was considered to be too broad. The management team decided to apply these three recommendations. In this sense, the company will invest EUR 5.4 millions in automation and new processes.
Eurofound (2006), VB France, Internal restructuring in France, factsheet number 63559, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63559.