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 24th April 2013, French sports' newspaper L'Equipe announced it has cut 60 jobs by means of voluntary departures. The group, which employs a total workforce of 490 employees, has already announced (in September 2012) to cut about 46 positions in the frame of a 12 million euros cost-saving plan. After negotiations with unions, the job cuts were reduced to 40. But as the group wanted to avoid forced dismissals, it launched a voluntary departure plan which obtained more success than expected, with 60 employees leaving the group.
Eurofound (2013), L'Equipe, Internal restructuring in France, factsheet number 75582, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75582.