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.
Furnishing and homeware retailer Habitat, subsidiary of the Cafom group, is to cut 106 jobs in France. As announced on 27 June 2013, the group engaged in a consultation process on a social plan involving 106 dismissals (the whole restructuring refers to 177 jobs but the final job cuts will be 106 ones - the remaining 71 jobs will be relocated). Cafom decided to downsize Habitat due to recently negative economic results (losses of 4.7 million euros between October 2012 and March 2013) and thus is closing two shops in Dijon (Côte d’Or) and Paris, and expects the closure of four other shops in France in the next months.
Eurofound (2013), CAFOM, Internal restructuring in France, factsheet number 75581, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75581.