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.
CEPAP, formerly known as 'Compagnie européenne de papeterie' or 'Papeteries de la Couronne', is a manufacturer of envelopes which employs 504 people in the west of France. It is a subsidiary of Tompla, the Spanish paper packaging group, and announced on 28 September its plans to shed between 129 and 132 of its 504 jobs between November and December 2006 as part of a reorganisation scheme. This plan regards an investment of 2 million euro among other measures aim at tackling the capacity surplus of the European envelope manufacturing, estimated at 25%. Management representatives and trade unions are to meet in the coming days.
Eurofound (2006), CEPAP, Internal restructuring in France, factsheet number 64159, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64159.