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 management of the Hexcel Reinforcements factory at Avenières (38) has announced the dismissal of 42 employees out of a total workforce of 400. The factory, which is specialised in carbon fibre weaving, is idling. On site, the 400 employees all experience between 4 and 8 days of short-time working per month. A 'collective performance' agreement that was signed between the management and the trade unions validates a reduction in bonuses and the 13th month. But 42 employees refused to see this agreement applied with the sacrifices demanded. They have been dismissed. 80% of the production of the Hexcel Roussillon and Avenières sites is destined for the aeronautics market. Both sites belong to the American group Hexcel (5,200 employees).
Eurofound (2020), Hexcel Reinforcements, Internal restructuring in France, factsheet number 102001, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102001.