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.
Bergerac NC, a French manufacturer of paints, varnishes and printer inks, announced on 19th July 2007 that it is to cut its workforce of 260 at its site in Bergerac by a third before the end of 2008. Between 80 and 100 jobs will be cut between September 2007 and December 2008. The firm's parent company is Société Nationale des Poudres et Explosifs (SNPE), a state-owned explosives manufacturer in France.
Bergerac NC also stated that the unit had been adversely affected by the weak US dollar, and that this had particularly affected its nitrocellulose business. The chairman and CEO of SNPE met with union representatives in late July 2007, ahead of a board meeting scheduled for September 2007.
Eurofound (2007), Bergerac NC, Internal restructuring in France, factsheet number 65643, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65643.