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.
Hotel and leisure group Pierre et Vacances announced that it would cut up to 195 positions by 2013 in Europe. The group gave no details on the distribution of job cuts in the countries it operates in (France, Germany, Belgium, Spain, Netherlands), but the main job losses are expected to be in France.
The group employs 5,200 employees in France out of a total workforce of 7,500 in the EU. As other major tourism companies, the group is reported to have to take action in order to respond to a decrease in its sales. The company's management will open a voluntary departure plan and propose support for external outplacement.
Eurofound (2012), Pierre et Vacances, Internal restructuring in European Union, factsheet number 74349, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74349.