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.
US oil and gas products and services provider Cameron International Corporation has announced that Cameron France SAS will cut by the end of December 2009 142 jobs out of 850 at its site in Beziers, southwestern France.
The measure is part of a restructuring plan on a worldwide scale aimed to cope with a 50% drop in orders since the beginning of the year caused by a decline in drilling activities.
The company´s management also reached an agreement with trade unions.
The firm said that Cameron France posted a revenue of EUR 850 million in 2008. Cameron International Corporation, the world's 4th largest environment/waste management company by market capitalisation, is a provider of flow equipment products, systems and services to worldwide oil, gas and process industries.
Eurofound (2009), Cameron France, Internal restructuring in France, factsheet number 69367, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69367.