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 engineering group ABB announced on May 18, a plan to cut 156 jobs at its robotic division, mainly in Saint-Ouen-l'Aumône (Val d'Oise), due to structural deficit and decline in activity (-20% on one year), management said. This restructuring comes just months after a plan which had already resulted in the loss of 460 jobs in 2009 at the end of several months of conflict between management and unions. A central delegate of CFE-CGC union explained that ABB has no economic reasons to lay off workers and that the company intends to « pursue its relocation to China ». Management proposed a severance pay of 40.000 euro for each dismissed workers.
Eurofound (2010), ABB, Internal restructuring in France, factsheet number 70754, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70754.