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.
French retail chain Galerie Lafayette has announced the recruitment of 500 employees in its store in Paris, after the conclusion of a company-level collective agreement with trade unions to open on Sundays. The adoption of the law "Macron" in 2015, opened the possibility for retailers within specific touristic area in Paris, to open their shop on Sundays. However, to open on Sundays, a company-level agreement is compulsory. The management of the Galerie Lafayette has concluded an agreement in May 2016 with two unions (CFE-CGC and CFTC) representing 38% of the votes at the last workplace elections. But three unions (CGT, FO and SCID), representing over 50% of the votes, decided to denounce to the court this agreement that couldn't enter into force according to the French legislation. However, one of the three unions, SCID, decided to stop the procedure. As the two other unions CGT and FO failed to reach the threshold of 50%, the management is now free to organise Sunday work schedules according to the agreement signed in May 2016. Therefore, the group will recruit about 500 employees to open on Sundays from January 2017. In 2015, the Galerie Lafayette has announced two restructuring with the closure of two stores in Thiais (Val-de-Marne) and Béziers (Hérault) and the closure of its store in Lille.
Eurofound (2016), Galeries Lafayette, Business expansion in France, factsheet number 89196, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89196.
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