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.
In November 2012 Durisotti, a company specializing in the modification and development of light commercial vehicles, announced its intention to cut 109 out of 350 jobs.
The group received a financial stimulus from the French State in 2009 to deal with the economic downturn and to preserve employment. But the sales fell by about 20% and the group has to deal with competition coming from Poland and Ukraine. Its turnover fell from 61 million euro in 2008 to 38 million in 2009 and it lost 7 million in 2010. The workforce was gradually reduced from 480 in 2009 to 350 in 2012.
In March 2012, Durisotti was placed into receivership by the court of Arras. According to the management, the job cuts are the only chance to sustain the business. There is currently no information on whether the plan consists of forced dismissal or other measures.
Eurofound (2012), Durisotti, Internal restructuring in France, factsheet number 74509, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74509.