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 truck-trailer maker Samro has announced that the group plans to cut 109 jobs (out of 473 employees) in September.
The lay-offs will concern the employees of three facilities in France, operated by subsidiary Seg-Samro -- in Fontenay-le-Comte, Baligny and Nort-sur-Erdre.
These moves have been prompted by a significant slowdown in revenue. Sales fell to EUR 35 million in the first half of 2009, from year-earlier EUR 95 million. Samro closed 2008 with a EUR 160 million revenue, 30% of which was generated abroad.
Eurofound (2009), Seg-Samro, Internal restructuring in France, factsheet number 69410, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69410.
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