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.
In November 2008, the car parts supplier Key Plastics announced that 116 jobs would be lost with the closure of its plant in Voujeaucourt but has revised the figure to 66 after negotations with workers. The restructuring plan also affects the site in Rochefort, where another 139 jobs are to be lost (see factsheet 11954). The decision is blamed on the crisis hitting hard the automotive industry and a consequent slump in demand.
Eurofound (2008), Key Plastics, Internal restructuring in France, factsheet number 69064, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69064.