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.
Carlson Wagonlit Travel France, a business travel management company, has announced a restructuring plan involving 343 net job losses. In the Paris region two sites, at Evry and Noisy-le-Grand, employing 150 between them, will close. In addition, about 100 employees will be reassigned in-house.
The cuts affect mainly affect the business travel section of the company (nearly 300 jobs). The redundancies will be carried out between now and the end of 2010. The company employs approximately 3000 employees in France and anticipates that it is well equipped to deal with the current economic downturn. It announced in February an increase of 7% in its business activity in 2008, with profits of 27.8 million dollars.
Eurofound (2009), Carlson Wagonlit Travel, Internal restructuring in France, factsheet number 68562, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68562.
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