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.
French subsidiary of global cable manufacturer Nexans Group is to cut 202 jobs in the frame of a European-wide restructuring plan.
As announced, the group will close its manufacturing site in Lyon (about 138 positions) and transfer its activities to two other sites in Mehun-sur-Yèvre (Cher) and Autun (Saône-et-Loire). Additionally, 12 jobs are to be lost in the R&D unit in Lyon. Other sites affected by the job reduction measures are: Autun, Bourg en Bresse, Fumay, La Verpilliere, Draveil, Lens and Clichy.
As part of the European restructuring, 87 jobs are to be redeployed to France and the group announced an additional creation of 39 jobs in its R&D unit in Lyon. In total, this amounts to a job creation of 126.
According to the sources, the planned restructuring measures follow adverse market conditions.
The management and unions will negotiate on a social plan the next four months.
In 2009, the group had already cut 387 positions in France.
The management and unions will negotiate on a social plan the next four months.
Eurofound (2013), Nexans, Internal restructuring in France, factsheet number 76004, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76004.
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