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.
On 20 May 2010, the glassware manufacturer Arc International (employing 12,000 workers worldwide and 8,000 in France) has announced that it is to cut around 643 jobs next year at its Arques site in the north of France. "The site saw its turnover fall by 25% between 2008 and 2009, and is seriously over-staffed", explained the company.
Arc International has finalised a reorganisation plan for the period 2009-2010. "Arc International will thus keep its commitment to avoid forced departures in 2010", added the company. Arc International started negotiation with unions in order to allow the Arques site to be competitive in the face of low-cost imports. Two projects have been presented to the unions: "Ambition Arques" for the industrial part and "Profile" for the non-industrial part. These two projects would involve a reduction of 643 jobs by the end of 2011.
Arc International will improve the voluntary redundancy plan already in place and encourage internal and external mobility of employees, through a training programme with an annual budget exceeding 3% of the wage bill. The workforce on the Arques site will be reduced from the current 6700 employees to 5500 at the end of 2011. The negotiation must end on 7 June 2010.
Update on 22-09-2011: the workforce will be reduced to 5,500 by spring 2012.
Eurofound (2010), Arc International, Internal restructuring in France, factsheet number 70601, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70601.
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