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 Pomona group has decided to close its company FVG (fish-filleting and retail) at Boulogne-sur-Mer. The closure will take place in September and 131 employees will lose their jobs. In December 2005 the company already cut 178 jobs. The reasons given are that the site is feeling the effects of competition from Poland, as well as pressure from Chinese imports on frozen fish market, which have led to a reorganisation of the industry. The site registered a loss of 4m euros in the financial year 2004-2005.
Eurofound (2006), FVG, Closure in France, factsheet number 63660, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63660.