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 Franc-Swiss cement group LafargeHolcim has announced a project to reshape its corporate structure that will lead to cut 250 positions worldwide, by the end of 2017. Around 130 job cuts will be in Holderbank (Switzerland), 80 in L’Isle d’Abeau (France), and the remainder in other global sites in the rest of the world (see ERM WO factsheet).
According to the group "the planned reorganisation reflects the end of the integration phase" after the merger of Lafarge and Holcim, "and the fact that the group is now entering a new phase of its development". As a result of these changes, "the group will have a leaner corporate organisation, reinforcing its focus on strategic, governance and transformation activities". The group has presented its plan to employee representatives at sites affected by the reorganisation. According to the group, it "will endeavour to minimise the impact of these measures for employees and plans to offer support measures at all sites". The restructuring "will not affect employment at LafargeHolcim’s operational sites in the countries concerned or the R&D center in L’Isle d’Abeau. LafargeHolcim employs about 4,500 people in France and about 100,000 worldwide.
Eurofound (2016), Lafarge Ciments, Merger/Acquisition in France, factsheet number 89016, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89016.