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.
Schaeffler, a manufacturer of roller bearings, plain bearings, linear systems and precision components for the automotive industry, is to close its timing chain factory in St. Simeon de Bressieux, near Grenoble with a consequent loss of 195 jobs. The production will be relocated to the facility in Calais. The cuts are blamed on the considerable drop in automotive production in the region. According to the company, redundancy packages for the affected workforce were negotiatied with local trade unions.
Eurofound (2009), Schaeffler, Relocation in France, factsheet number 68743, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68743.