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 jewellery firm Jean Delatour is to cut 140 jobs. According to the sources, the job reduction measure involves store closures (i.e. in Cherbourg, Metz, Portetsur- Garonne, Le Mans) and the restructuring of its headquarters based in Venissieux. As reported, the restructuring plan was approved by the Commercial Court of Lyon in the framework of pre-insolvency proceedings (“procédure de sauvegarde”).
As mentioned, the company refers to a decline in business for several years (- 9.4% in 2013).
Eurofound (2014), Jean Delatour, Closure in France, factsheet number 77916, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77916.