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 19 April 2012, IT and high-tech products retailer Surcouf announced to cut 200 positionsdue to the closure of two of its six shops in France (in Bordeaux and Paris) and a logistics site. Surcouf has been placed in receivership since 29 February 2012 with a six-month observation period ('periode d'observation').
The restructuring includes a recovery plan, which was approved on 18 April by the commercial court of Lille. The turnover of the company decreased from 270 million Euro in 2009-2010 to 160 millions Euro in 2010-2011 due to supplying difficulties.
Eurofound (2012), Surcouf, Closure in France, factsheet number 73595, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73595.