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.
ST Dupont, French manufacturer of stylish lighters, collectible pens and stylish tech gadgets,has announced that it is to cut 72 jobs through voluntary departures in 2009. The restructuring will mainly effect the plant in Faverges (Haute-Savoie) in eastern France. The decision to cut jobs is blamed on the worsening economic environment. ST Dupont recorded a drastic decline in sales over the fiscal year that ended in March 2009. An additional reason for the company's weak financial performance was the fire at its Faverges plant in early 2008.
Eurofound (2009), ST Dupont, Internal restructuring in France, factsheet number 69710, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69710.