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.
Jean Caby, a French cooked meat producer, is to close its plant at Saint-Priest-en-Jarez before the summer 2009 with the loss of 350 jobs. Financial reasons are given as the reason for the closure. The company is moving the majority of its production to its site at Lampaul-Guimiliau in northwestern France. Part of the production will also be transferred to sites in Quimper and Lille, in the north of the country.
The site at Lampaul-Guimiliay, to where the majority of the production will be transferred, has had EUR 15 million invested in it. Jean Gaby plans to increase production there by 40% and create 120 new jobs.
The workers affected by the closure at Saint-Priest-en-Jerez have been offered a transfer to Lampaul-Guimiliau, but as of this date, only a few have accepted the offer.
Eurofound (2009), Jean Caby, Closure in France, factsheet number 68434, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68434.