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.
Mr Bricolage, a network of DIY stores, has announced the disposal of most of the group's directly owned outlets. A total of 59 outlets have been taken over. Six are the subject of a closure project which was presented to staff representatives. In total, these closures result in 170 job cuts. The group employs more than 10,000 people in France. The group states that after a year of attempts, no satisfactory solution has been found for the 6 integrated stores located in France. Taking note of this situation, the reorganisation plan provides for their closure. These are the stores in Allonne (Oise), Brive-Mazaud (Corrèze), La-Roche-sur-Yon (Vendée), Lexy (Meurthe-et-Moselle), Montereau (Seine-et-Marne) and Orléans (Loiret). The proposal to terminate the activities of the subsidiaries concerned involves the cut of 170 positions. 'An in-depth and high-quality social dialogue will be conducted with all employee representatives' to support the employees, the group emphasises. A former reorganisation was already recorded with 238 job cuts announced in 2016.
Eurofound (2019), Mr Bricolage , Closure in France, factsheet number 99642, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99642.