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 French public rail group has announced a restructuring plan for its freight transport activities that will lead to 200 job cuts. The job cuts will mainly affect support functions and management positions. The reorganisation will remove the four current freight directorates to leave only one freight directorate on 1 January 2020. SNCF management also plans measures to encourage departures and mobility.
'These 200 job cuts are in addition to the 377 already planned for 2019' in the group's annual budget, said the federal secretary of the Sud-Rail union. At the end of 2018, the management of the Group SNCF presented its 2019 budget, which included 2,257 job cuts. SNCF wants to transform its freight activity into a subsidiary from 1 January 2020, as part of the rail reform. The freight railway transport of the SNCF has been declining for several years. In 2018, 700 job cuts were announced. According a trade unionist, the freight activities lost about 10,000 positions in the last ten years.
Eurofound (2019), SNCF, Internal restructuring in France, factsheet number 97707, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97707.