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.
On 4th June French construction group Eiffage announced to its Central Works Council that it is to cut about 239 positions in the frame of a reorganisation affecting metal construction activities.
The group will close its two sites in Maizières-lès-Metz (Moselle) with 78 job cuts and Etupes (Doubs) with 30 job cuts. It will cut 33 positions at its site in Fos-sur-Mer (Bouches-du-Rhône) and keep only 20% of the workforce of its site of Martot (Eure) where 98 employees will be dismissed. In total, the group will cut 239 positions but announced the intention to offer near to 400 positions for internal mobility. The group is facing a decrease in demand in France (a drop of orders of 50%, a decreased turnover of its metal activities of 2.2% in 2014) and will produce low-value metal products in Poland where labour costs are lower. The social partners have four months to negotiate a social plan to avoid forced dismissals and to agree on compensation for the employees that will leave the group.
Eurofound (2015), Eiffage, Closure in France, factsheet number 83476, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83476.
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