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.
Lohr Industrie, the French manufacturer of car transporter trailers and of trains and rolling stock , has announced plans to axe the jobs of 100 of its 1,200 employees in Duppigheim in east of France (Bas-Rhin) in response to a sharp fall in order numbers. The decision follows uncertainty about the future and the risks that some contracts were not signed. The company could also be forced to make a further 300 job cuts if it fails to secure a large order by the end of the year.
CEO Robert Lohr said the company will implement temporary closures in an attempt to combat the impact of declining activity, and has asked that senior managers take a pay cut of 10 per cent.
In 2007, Lohr Industrie had announced a business expansion plan.
Eurofound (2008), Lohr Industrie, Internal restructuring in France, factsheet number 67592, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67592.
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