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.
The aircraft company Latecoere announced a restructuring plan involving 1000 jobs cut in France as part of a cost-cutting strategy aiming to offshore these jobs towards low-cost countries. The plan involves a massive reduction of temporary contracts and subcontractors. This new wave of job cuts follows the non replacement of 200 short term contracts announced last summer. The group has a workforce of 2200 employees in France and 1808 people abroad and is offshoring parts of its production to lower cost-countries (Czech Republic, Tunisia and Brazil for example) in order to stay competitive.
Eurofound (2008), Latecoere, Offshoring/Delocalisation in France, factsheet number 68763, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68763.