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 local newspaper 'Le Progrès' announced on 20 September 2006 that 130 jobs are to be cut between October 2006 and February 2007. The job losses will take place as follows: 35 in Saint-Etienne (Loire) and 95 in Chassieu (the Rhone). The CEO announced that 35 workers would be pre-retired.
Back in spring 2006, after the acquisition of the newspaper by the Ebra group, the CEO already announced the intention to cut jobs due to financial difficulties.
Eurofound (2006), Le Progrès, Merger/Acquisition in France, factsheet number 64100, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64100.