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 commercial court of Niort has placed in liquidation Camif (SA) Group, former parent company of Camif Particulier, which still holds 34 per cent of its capital, and has placed it in compulsory administration. The company can continue to operate with an observation period of six months. Its restructuring plan, which will involve about 140 job cuts from a total of 200 between December 2008 and April 2009, has been validated by the court.
In Septembre 2008, Camif Particuliers, a subsidiary of French mail-order retailer Camif Group, has announced plans to make 509 of its 785 employees redundant between December 2008 and July 2009 in Niort.
Employees of French cooperative Camif are to hold demonstrations in Paris in October to demand the protection of jobs at the group. Camif Particuliers, the group's mail-order subsidiary, went into compulsory liquidation. This is expected to lead to the loss of 780 jobs. The protesters plan to go to the ministry of finance in order to demand financial support, in the hope of saving the company.
Camif Group and Camif Particuliers have lost several millions euros since the beginning of the year 2008.
For further information, see the EIRO report.
Eurofound (2008), Camif, Internal restructuring in France, factsheet number 67330, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67330.