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.
Vénissieux, Cherbourg, Metz, Portetsur- Garonne, Le Mans
Sector
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.77 - Retail sale of watches and jewellery in specialised stores
140 jobs Number of planned job losses
Announcement Date
19 November 2014
Employment effect (start)
1 December 2014
Foreseen end date
Description
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).
Sources
19 November 2014: Tribune de Lyon
Citation
Eurofound (2014), Jean Delatour, Internal restructuring in France, factsheet number 77916, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77916.
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