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.
L’Oreal, a company that produces cosmetics, has announced that it is to cut 200 of its 260 production staff at its plant in Talbot Green, near Llantrisant in Rhondda Cynon Taf. The company has stated that the job losses are not as a result of the economic downturn, but instead as a result of the high transport costs of importing raw materials and exporting finished goods. The company intends to sell the factory to another company, Fareva, who make products for L’Oreal and intend to retain sixty staff. As of 26 October 2008, the company has not stated when these jobs will be cut.
Eurofound (2008), L'Oreal, Internal restructuring in United Kingdom, factsheet number 67277, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67277.