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 24 January 2012, the management of the technical textile manufacturer Chomarat has announced a new social plan with 182 dismissals after it revised a first draft affecting 122 positions under the pressure of industrial action.
The company has lost 4 million Euros in 2011 and 6 Million Euros in the last two years.
UPDATE 26/07/12: After negotiation with employees' representatives, the number of forced dismissal was reduced to 35. 93 employees have agreed to leave the company in the framework of a voluntary departure plan. Another 58 will leave the company via early retirement. In total, 186 employees will leave the company. 90% of the employees have accepted a decrease in their working time from 35 to 32 hours per week, with a decrease of their income by 3.5%. There will also be a salary freeze until 2014.
Eurofound (2012), Chomarat Textiles Industries, Internal restructuring in France, factsheet number 72693, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72693.