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.
The car part manufacturer Inoplast is to reduce its workforce in its Ardèche plant by 128 employees through voluntary departures in 2010. This is due to a drop in orders by 50% in 2009. Management reached an agreement about the restructuring with all trade unions but one. From January 2010 onwards employees will be entitled to the statutory severance payments plus €19,000 if they leave the company voluntarily.
The company is a subsidiary of Plastic Omnium and employs about 1300 people. Inoplast had already reduced its workforce by 76 workers in the beginning of 2009.
Eurofound (2009), Inoplast, Internal restructuring in France, factsheet number 70213, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70213.
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