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.
Saint-Gobain, one of the world leading glass manufacturers, unveiled on 27 September its plans to close one of the three operating furnaces in its factory in the north of Paris, in Vauxrot, Aisne. The French group, that employs 186,266 people in total and 400 in the affected unit, will reduce the workforce at its glass container plant between November 2006 and January 2007. 120 jobs are expected to be lost as part of a modernisation plan designed to deal with the excess production capacity. The trade unions have criticised this plan when it was presented at the plant's works council.
Eurofound (2006), Saint-Gobain, Internal restructuring in France, factsheet number 64167, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64167.