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.
Kaufman & Broad, the French property developer, has announced that it plans to cut 166 jobs from its workforce of 759 between November 2008 and December 2010. The group has announced the closure of 2 sites in France: Lille and Strasbourg because there is a crisis in their sector.
On 8 October, the works council of Kaufman & Broad is reported to have spoken in favour of a plan involving 166 job losses. Kaufman & Broad also said some of the restructuring measures will be put into place in November.
Kaufman & Broad SA is a French property developer and builder listed on the Euronext Paris Stock Exchange. It is principally engaged in providing single family homes and apartments. It also provides commercial property and generates revenue from operating showrooms. For the restructuring and renovation of commercial projects, Kaufman & Broad represents the owner as the general contractor. In the case of sales before completion contracts, the Company designs the projects with the assistance of outside architects, signs agreements to sell, and seeks tenants and investors. The Company has operations in Paris, Bayonne, Bordeaux, Grenoble, Lille, Lyon, Marseille, Montpellier, Nantes, Nice, Rouen, Strasbourg, Toulon and Toulouse. It is headquartered in Neuilly-sur-Seine, France.
Eurofound (2008), Kaufman & Broad, Closure in France, factsheet number 67227, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67227.
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