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 data-processing engineering and service firm Arès announced on 27 October 2006 that it will cut between 100 and 110 jobs between November and the end of December 2006.
The company, employing 2,000 people, argues that the decision responds to the financial difficulties it is going through. The trade unions, however, consider that these cuts, primarily of white collar employees, are not a sufficient answer 'vis-a-vis' the difficulties of the company.
Eurofound (2006), Arès, Internal restructuring in France, factsheet number 64326, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64326.