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 18 March 2013, the management of the paper manufacturer Papeteries de Condat (420 employees) has announced to its unions a restructuring plan that will affect 154 positions. The company that is a subsidiary of Lecta Group wants to stop a production line that employs 144 workers and will not replace 10 employees that retire. The group has already cut some positions on this line two years ago, highlights the union FO. According the union CGT, this decision results from an internal competition between the French site and the Spanish site of San-Juan. The management has announced to stop the line by the end of June.
Eurofound (2013), Papeteries de Condat, Internal restructuring in France, factsheet number 75106, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75106.