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.
Conforama, a French home furnishings retailer, has announced it is to make 800 employees redundant at stores across France. Conforama is part of the retail-to-luxury company PPR SA. The redundancies are part of a cost cutting plan to save EUR 50 million by 2010. The group will develop a voluntary departures scheme over the next few months in order to minimise the social impact of its cost-saving measures.
In December 2008, the company had announced 430 job cuts in Italy, and was also planning to restructure its activity in Spain and Portugal.
Eurofound (2009), Conforama, Internal restructuring in France, factsheet number 68484, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68484.