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 13 October 2011, the Commercial court of Bernay announced the liquidation of the cosmetic products manufacturer Beauté Recherche & Production. 158 jobs will be affected by the closure.
The owner, the group Cervin, failed to find a company able to buy its site, which had previously produced cosmetics for the brand Yves-Saint-Laurent. Cervin bought the plant in 2006 and received a 12.5 million Euros contract to finance 150,000 working hours in order to maintain the workforce (back then 213 employees).
The union has protested against the closure and is raising the question on how the received money was used.
Eurofound (2011), Beauté Recherche & Production - BRP, Closure in France, factsheet number 72607, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72607.
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