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 28 September, Cheuvreux, a subsidiary of group Crédit Agricole specializing in brokerage activities, has announced a restructuring plan, which will result in the loss of 290 jobs from a total of 358 employees.
About 80% of the positions will be cut. This decision is a result of the merger of Cheuvreux with its competitor Kepler. The French bank has initiated a process of selling its brokerage subsidiaries. The management will propose to replace employees within the group Crédit Agricole. The restructuring plan is European wide, with a total of 500 job losses from a total of 700.
Eurofound (2012), Crédit Agricole Cheuvreux, Merger/Acquisition in France, factsheet number 74220, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74220.
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