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 18 November 2010, the car manufacturer PSA Peugeot Citroën announced the loss of 280 jobs in its Aulnay sous Bois plant by the end of 2011. The company's management has indicated that there will be no forced redundancies and that losses will be achieved through voluntary redundancies, or through the redeployment of staff elsewhere within the company.
Last October the company terminated the contracts of 500 temporary workers at the plant, from a total of 800. The CGT union has pointed out that PSA is committed to an agreement with the public authorities through which the company will receive financial support in return for its assurance that there will be no job cuts in the plant until the end of 2011. In response, management has explained that this commitment only refers to forced redundancies, and that voluntary redundancies and other measures are permitted.
The French authorities applied for aid from the European Globalisation Adjustment Fund (EGF) and it is currently being assessed.
Eurofound (2010), PSA Peugeot Cotroën, Internal restructuring in France, factsheet number 71194, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71194.