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 21 November, Albany Engineered Composites announced to its central works council plans to dismiss 201 employees at two French plants. 126 positions will be cut in Sélestat (Bas-Rhin) and 75 in Saint-Junien (Haute-Vienne).
The group stated that it saw a decrease of the traditional markets in Europe and North America and an increasing demand in Asia and South-America. The group plans to open a new site in Commercy (Meuse) by the end of 2013 and will give a priority to the redundant employees.
Eurofound (2012), Albany France, Internal restructuring in France, factsheet number 74562, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74562.