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 Fideve group, which owns five industrial sheet metal companies in France, announced the closure of a unit of its Atos subsidiary at Carros (Alpes Maritime) in mid-2019. The Carros site manufactures bays and boxes for electronic cards for companies in the data centre, transport, defence and energy sectors. The Fideve group, which employs 500 people, offered Carros employees reclassifications in its Lisieux and Strasbourg units. But this proposal has been largely rejected by the employees concerned for family reasons. To justify the closure of the site, Fideve points out that the unit has been in deficit since 2017. The market for racks for electronic cabinets is declining. Customers prefer to import much cheaper products, manufactured in countries where labour costs are lower than in France. In addition, according to Fideve, the production facility in Carros has become obsolete.
Eurofound (2018), Fideve, Closure in France, factsheet number 96184, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96184.