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 31st July, Air France has announced to its central works council a new departure plan (in the framework of its restructuring plan "Transform 2015" which was adopted in 2012). After a first departure plan of about 5,100 employees between June 2012 and June 2013 (see here), Air France will open a new departure plan in 2014 downsizing its workforce by 2,500 employees. The management wants to avoid forced redundancies and has started the information and consultation process with the employees' representatives.
The aim of the restructuring plan is to increase the competitiveness of Air France by up to 20%, while reducing its workforce around 10% and implementing a freeze on salaries and promotions. The working time of pilots and cabin crew will increase from 530 to 655 hours of flight (730 hours on long distance) and the number of cabin crew members will decrease to one employee every 45 passengers. In 2012, Air France had signed several collective agreements with different employees' categories to implement this restructuring plan.
Updated, 18-09-2013: Air France has announced that its new voluntary departure plan will affect 2,800 employees. The total workforce of Air France group will decrease from 106,300 in 2012 to about 98,000 in 2015.
Updated, 04-10-2013: As announced in a corporate press release, the job reduction measures to be implemented in 2014 refer only to 1,826 ground staff jobs (Cargo: 282, Paris CDG hub: 582, Paris-Orly and regional France stations: 719, other activities: 243). Plans to cut pilot jobs (350 FTEs) and cabin crew jobs (700 FTEs) will be duscussed later in 2014.
Updated, 26-11-2013: Labour unions at Air France signed a majority agreement on 26 November 2013, setting up a voluntary redundancy scheme for 1,826 ground staff. Plans to cut pilot jobs (350 FTEs) and cabin crew jobs (700 FTEs) will be duscussed later in 2014.
Eurofound (2013), Air France, Internal restructuring in France, factsheet number 75725, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75725.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
