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.
Rio Tinto, an Australian mining company, is to make redundant 680 employees across various sites in France. The redundancies are part of a European-wide restructuring involving 1,500 job cuts. The company announced its restructuring plan this week following a meeting with a European Work's Council. " These measurements, although difficult, are essential to make it possible for Rio Tinto to face the difficulties of the sector and to remain competitivie", explained Hugo Bagué, HR Director of the group. Rio Tinto Alcan has additionally announced 1,100 job cuts worldwide.
Eurofound (2009), Rio Tinto, Internal restructuring in France, factsheet number 68255, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68255.