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 shipping company DFDS has announced 142 redundancies in France as part of the European restructuring announced almost a month ago, involving 650 job cuts. Employees working on the four French ships, in the Port of Calais and in the DFDS offices in Calais and Dieppe are affected. The company employs 1,000 people in France (850 seamen and 150 sedentary staff working in the terminals, including 50 in Calais and 50 in Dunkirk). The management explains that it 'will work closely with staff representatives to find measures to mitigate the impact of this situation' on the affected employees. To justify this decision, management points to 'the continuing effects of the COVID-19 pandemic and the decline in passenger traffic on all routes'. This announcement comes three months after the British company P&O Ferries decided in May to cut 1,100 jobs.
Eurofound (2020), DFDS Seaways, Internal restructuring in France, factsheet number 101441, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101441.