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.
The machinery manufacturer Primetals Technologies France has announced a reorganisation of its plant of Savigneux with 64 job cuts out of a total workforce of 344 employees. The management has announced this restructuring on 4 February to the works council. According to sources, the management wants to avoid direct dismissals and will try to negotiate a voluntary departure plan with the unions. PriMetals, which employees around 9,000 staff worldwide, resulted from a Joint Venture between Siemens VAI Metal Technologies and the Japanese engineering and electronics company Mitsubishi Heavy Industries (MHI) in 2014.
Eurofound (2016), Primetals Technologies, Internal restructuring in France, factsheet number 86608, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86608.