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.
Huis Clos, a French manufacturer of PVC joinery and heating systems, has announced its intention to cut about 150 positions in 2013 in the framework of a cost-saving plan.
The company reported losses of 2,7 million euro in the first semester of 2012 and aims to save 5 million euro through restructuring. It recruited 400 employees on permanent contracts in 2011 (see here).
Eurofound (2012), Huis Clos, Internal restructuring in France, factsheet number 74677, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74677.