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 SKF AB, the world's largest producer ball bearings, has announced that it has decided to close its manufacturing facility in the Fontenay-le-Comte in France in order to streamline production and improve efficiency. It is expected that 320 workers will be offered employment in other French sites of SKF AB, and a further 200 jobs will be lost between July 2008 and December 2009.
The CEO said these are the most important steps in the group's ongoing activities to reduce costs and improve efficiency in its operations. The Company has over 100 manufacturing sites and also sales companies in 70 countries, supported by approximately 15,000 distributor locations.
Eurofound (2007), SKF France SA, Closure in France, factsheet number 66132, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66132.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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