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.
SNCF group, the French national rail company, announced its plan to hire 8,000 employees by the end of 2011. Half of these new jobs will be based at the parent company and the other half at SNCF's private subsidiaries such as the local passenger transport company Keolis and the freight transport company Geodis.
The parent company's workforce, however, continue to diminish and the yearly balance of hirings and layoffs will once again be negative with more than 1,800 layoffs planned in 2011. At the same time, the upward trend with regard to employment levels continues in the private subsidiaries and SNCF's total workforce by now accounts for 235,000 people.
Eurofound (2011), SNCF, Business expansion in France, factsheet number 71909, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71909.