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 group Mondelez is undergoing a large reorganisation of its French activities that will lead to about 300 job cuts. The redundancies will mainly be in administrative and support function positions at its headquarter in Clamart (Haut-de Seine) and at its site of Villebarou near Blois (Loiret) where about 30 positions out of 120 will be cut. Unions announced that between 300 and 350 jobs will be cut, while the management said 278. Within the framework of a larger group-wide reorganisation, Mondelez has decided to enact cost saving plan that includes the sale of several activities including its sugar confectionery sites for an expected amount of €250 million. The group Eurazeo has announced that it will buy five sugar confectionery plants and will retain the 750 employees. According the daily newspaper Les Echos, Mondelez's turnover in France has decreased by about 7% over the last two years (2014-2015) to €1.5 billion.
Eurofound (2016), Mondelez, Merger/Acquisition in France, factsheet number 87617, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87617.
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