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 5 June 2013, the scaffolding manufacturer Hertel has announced plans to cut 142 positions in its five sites in France. The managerial body has started to negotiate with employee representatives on the content of the social plan. Job cuts will happen after the information and consultation process, by July or August. As for now, there is no information on the content of the plan or on the length of the restructuring. Hertel is a global industrial services company with over 13,000 people employees worldwide.
Eurofound (2013), Hertel, Closure in France, factsheet number 75491, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75491.