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.
Swedish-owned automotive supplier, Autoliv-IsoDelta (specialised in production of car wheels) has announced to the unions a restructuring plan regarding its site in Chiré-en-Montreuil in Western France. This reorganisation will lead to 225 job cuts (out of the total workforce of 550 people). Autoliv-IsoDelta plans to relocate part of its production to its factory in Tunisia. Parts of the production process had already been relocated to the company’s Tunisian and Romanian facilities in recent years as a response to the accumulating deficits of the Chiré-en-Montreuil site. In 2013, thre was a reported deficit of EUR 28 million (for a turnover of EUR 152 million).
Update 13-06-2015: after negotiation between the management and unions, the number of job cuts has been reduced to 202.
Eurofound (2015), Autoliv-IsoDelta, Offshoring/Delocalisation in France, factsheet number 78737, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78737.