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 specialising in brokerage activities, announced a restructuring plan, which will result in the loss of 500 jobs from a total of 700 employees.
This decision is the result of the merger of Cheuvreux with its competitor Kepler. The management will propose relocating employees within the group Crédit Agricole. The main job losses will affect France with 290 job cuts (see French case).
Eurofound (2012), Crédit Agricole Cheuvreux, Merger/Acquisition in World, factsheet number 74230, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74230.