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.
French leader in the shoe trade, Royer group was hit hard by the health crisis with the closure of many factories and shops. It announced a reorganisation with up to 200 job cuts in France, out of a total of 650 employees, including 300 at the Fougères site (Ille-et-Vilaine). The four other French sites (Arques, Maleville, Sèvres and Cholet) are also affected by the job cuts. The group owns 35 footwear brands and has 23 million pairs of shoes marketed in 2017, exported to 70 countries. In 2013 the group had already announced a vast savings plan with around 100 jobs threatened before a capital increase the following year.
Eurofound (2020), Groupe Royer, Internal restructuring in France, factsheet number 101791, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101791.