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 Swedish group Grimaldi, owner Cycleurope, a manufacturer of bicycles located in Romilly sur Seine, announced on 31 January 2007 to the works council that 141 jobs will be cut before 1 January 2010. Cycleurope manufactures 360,000 bicycles per year and currently employs 347 people. The Swedish group Grimaldi also manufactures bicycles in China, where its activity is expected to increase due to their lower production costs. The trade unions are opposed to this decision.
Eurofound (2007), Cycleurope, Offshoring/Delocalisation in France, factsheet number 64854, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64854.