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 April, the Commercial Court of Nanterre has ordered the transfer of assets and operations of the logistic company Sernam to the group Geodis. Logistics company Sernam will dismiss between 600 and 800 employees in France. The remaining jobs will be saved: the new owner (Geodis) will take over 622 employees and 37 more if they are agree to change their workplace. 45 positions at Sernam's headquarters are preserved, and so are 65 other jobs in its subsidiary Aster. 62 positions will be taken over by a subsidiary of Geodis (BMV). This brings the number of jobs saved to over 800.
Sernam, which was a former subsidiary of the railway transportation group SNCF, was placed under bankruptcy protection since January and allowed to pursue its activities until 7 May and its liquidation.
Eurofound (2012), Sernam, Bankruptcy in France, factsheet number 73502, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73502.