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.
FM Logistic, a French logistics company, is to cut 483 jobs in Woippy by May 2010. The redundancies will start in June 2009. This decision follows that of the company's principal client, Hewlett-Packard, to move its packaging activities to Malaysia. In April, five members of the company's management were detained briefly by workers unhappy at the job cuts and the terms of severance on offer. Thereafter, negotiations with unions led to improved redundancy terms which 90% of the unit's workers have now accepted.
Eurofound (2009), FM Logistic, Internal restructuring in France, factsheet number 68760, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68760.