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 4 May 2013, freight transport company Loheac announced to its works council plans to cut 78 jobs. As reported, the decision results from the closure of the fuel refinery of Petroplus, but unions refer to the lack of efficient management in previous years. According to the plan, jobs will be cut in several subsidiaries: 36 redundancies at Alca (container activity), 30 in Sterna (tanks activity), 7 in Couronnais’ maintenance centre and 5 in Loheac SAS (administrative services). The timeline of the restructuring is not yet available.
Eurofound (2013), Loheac, Internal restructuring in France, factsheet number 75355, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75355.