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.
Bretagne Ateliers, an automotive supplier working in Bretagne, has announced a voluntary departure plan to cut about 80 positions within a total workforce of 550 employees. Bretagne Ateliers is a non-profit organisation, and 80% of its employees have disabilities. The supplier, who used to work almost exclusively for the car manufacturer PSA Peugeot-Citroën, has stated the job losses are due to a declining demand from PSA. Despite efforts to diversify its activities to include railway and aeronautic manufacturing, the new opportunities will not offset the decline in motor vehicle contracts. The total turnover of Bretagne Ateliers was down to €17 million in 2014 in comparison to an average of €22 million in previous years. The employment savings plan was refused by the employees' representatives, but agreed to by the union CFDT. The voluntary departure plan will start in October and will continue for three years. Although Bretagne Ateliers has recently won a contract with the Bolloré group to build batteries for new electric buses ordered by the region of Ile-de-France, management has stated that this contract will represent only 5% of the annual turnover.
Eurofound (2015), Bretagne Ateliers, Internal restructuring in France, factsheet number 84961, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84961.
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