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 the 9th of April 2013, Cauval Industries group announced plans to cut 534 jobs. In detail, 337 jobs which refer to the group company OC Management and another 197 referring to sofa manufacturer Atmosphères Intériors based in Bar-sur-Aube. The final decision will be made by the Commercial Court of Meaux.
Updated, 27/03/2013 As announced, OC Management went bankrupt and 202 jobs were lost.
Updated, 08/04/2013 The Commercial Court of Meaux (Seine et Marne) decided on the liquidation of Confort et Systèmes (220 employees) in Séverac-le-Château (Aveyron). The manufacturer of furniture is owned by group Cauval (4,600 employees). The Court decided that Confort et Systèmes has to cease immediately its activities and all the employees were dismissed.
For previous restructuring at Cauval Industries see here.
Eurofound (2013), Cauval Industries, Bankruptcy in France, factsheet number 75130, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75130.