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 French subsidiary of EDS (Electronic Data Systems) has announced the closure of three sites employing 140 people. However, the Group plans measures in to safeguard the jobs of a maximum of 80 employees EDSis a global technology services company that delivers business solutions. The Company delivers a portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries, and to governments worldwide. EDS employs 139,000 people worldwide and had a turnover of 22,3 billion euros in 2007. The company has explained the closures in the light of the evolution of the competition on the global market : as a consequence, the three plants are no longer necessary. According to the unions the decision is an aftermath of the relocations to low-costs countries such as Hungary, India or China, which aim to reduce the annual losses (up to 30 millions euros)
Eurofound (2008), EDS (Electronic data system), Closure in France, factsheet number 66574, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66574.