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 subsidiary of the German group Rheinmetall Automotive, KS Kolbenschmidt France, has announced the closure of its piston manufacturing plant at Basse-Ham (Moselle). The 144 employees will be dismissed. All employees will have left their jobs by January 2018. 'In recent years, we have made considerable efforts to find new markets. But the lack of financial competitiveness at the international level has not allowed to gain new orders and it has become impossible to consider to maintain the piston business', summarises the president of the subsidiary. The unions criticise the Rheinmetall Automotive group for transferring the most profitable orders to sites in low labour cost countries, including Czech Republic.
In 2009, and again in 2013, two successive employment safeguard plans had already cut 160 positions at the plant. A reemployment unit has been set up to propose external positions to dismissed employees.
Eurofound (2017), KS Kolbenschmidt France , Closure in France, factsheet number 92470, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92470.