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.
In February 2011, stainless steel manufacturer Aperam announced the loss of 223 positions at its plant of Isbergues (North of France).
Due to a decrease of demand, the company decided the temporary closure of the cold rolling mill at Isbergues. Aperam will improve the conditions for the voluntary departures and intends to encourage internal and external mobility.
Some 77 employees have agreed a solution with the management (voluntary departure, internal mobility, etc) and another 122 have applied for similar measures.
Eurofound (2011), Aperam, Internal restructuring in France, factsheet number 72395, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72395.