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 22th December, the ship and yacht building company Beneteau (5,300 employees) announced its intention to recruit 400 employees in 2011 across its global operations, which will include 320 new jobs in France (mostly in Vendée where Beneteau major plant is located). 80% of the company's new employees will work in shipbuilding activities and 20% in its new wood house building operations. The company's management expect to increase the company's workforce from 500 to 5,700 in 2011. The group has emerged from the crises in a good position, following a huge decline in the market which began in August 2008. The company, whose workforce reached 6,250 employees at the onset of the crisis, had to launch a social plan to cut 700 positions through voluntary redundancies. Beneteau expects an increase in its sales of about 18% in 2011, the same figure as in 2010.
Eurofound (2010), Bénéteaux, Business expansion in France, factsheet number 71372, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71372.