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 12 June 2011, French car manufacturer PSA Peugeot-Citroën announced 300 job cuts concerning temporary workers at its plant of Sochaux (Doubs).
The car manufacturer has to make face to decreasing sales in Europe. It decided to reduce its production from 50 to 44 cars per hour and, for the whole site, from 1,800 to 1,700 per day.
The temporary workforce will be reduced by October 2012, by means of non-renewal of temporary contracts. The plant has currently 1,600 temporary workers and 12,000 permanent employees. The unions (CFDT and CGT) stress that this represent a worsening of the situation, since the decrease in sales cannot be counteracted through the recourse to short time work alone anymore.
Eurofound (2012), PSA Peugeot-Citroen, Internal restructuring in France, factsheet number 73725, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73725.