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.
The retailer group Intermarché, through its subsidiary SVA Jean Rozé is to take over part of the pig slaughterhouses GAD, which was placed in liquidation in September. GAD employs 820 employees at three sites, the slaughterhouse in Josselin (Morbihan) that is to be taken over by SVA Jean Rosé and two smaller units at Lampaul-Guimiliau.
The new owner will keep 507 of the 755 employees of the slaughterhouse. About 229 employees will lose their job. In 2013, GAD has launched a restructuring plan with the closure of its second slaughterhouse at Lampaul-Guimiliau and its sausage factory in Saint-Nazaire (Loire-Atlantique), which resulted to 956 job cuts (see [ERM Factsheet] (https://apps.eurofound.europa.eu/restructuring-events/detail/75633)).
Eurofound (2014), Gad, Merger/Acquisition in France, factsheet number 77622, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77622.