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 December 15th the French bank Crédit Agricole has announced that it is to cut 2350 jobs by December 2012: 1750 in its corporate and investment-banking unit, and 600 in other financial activities. The cuts are planned to be implemented within one year.
The measure is part of a worldwide restructuring which will mainly affect French workers (850, see here). The management is reported to want to avoid forced redundancies and will propose internal mobility and voluntary departures.
Eurofound (2011), Crédit Agricole, Internal restructuring in World, factsheet number 72854, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72854.