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.
French cold meals firm Madrange has announced a restructuring plan involving the loss of 147 jobs at its sites in Limoges and Feytiat, both in central-western France.
Requested by the central work council' of Madrange, the public accounting has presented its report. The group had suffered from the acquisition of a site in 2001. In addition, the group has not invested enough in research and development to design new products, resulting in a decline in sales.
In March the company, which was looking for a buyer, announced it would remain family-owned.
Eurofound (2009), Madrange, Internal restructuring in France, factsheet number 69351, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69351.