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.
Chaffoteaux, a French manufacturer of gas boilers and water heaters, has announced the loss of 149 to 207 at its site in Ploufragan. The job losses are attributed to the need to cut costs.
The final decision whether to cut 149 or 207 jobs will be taken on July 1st, 2009. The trade unions announced they would try to find alternatives and limit the number of direct dismissals as much as possible. Employees fear the closure of Chaffoteaux.
Chaffoteaux currently employs 250 people in Ploufragan. The company is part of the Italian Ariston Thermo Group, a leader in the household appliance manufacturing industry.
Eurofound (2009), Chaffoteaux, Internal restructuring in France, factsheet number 69120, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69120.