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.
Selecta France, France's leading vending machine manufacturer, has announced 492 job losses as part of an Employment safeguard plan. If 33 future job creations are deducted, the net employment loss is 459 jobs.
This decision is the result of 'sudden changes in consumption patterns linked to the consequences of the epidemic', explains a Selecta France spokesman in Le Figaro. The company wants to try to maintain a sustainable level of activity.
All types of positions are affected by the reorganisation plan including 60 to 80 managers. According to a CFDT trade union delegate technicians (who repair the machines) and operators (who re-fill machine supplies) will be the most affected.
The vending machine distribution sector has been badly affected by the health crisis. The activity fell by 90% during the containment period. There was a semblance of recovery in June and July with an upturn to 60% but this national average hides strong disparities since the Île-de-France region stagnated at 15-20%. Selecta was still at 60% in September, but the new health measures will be strongly felt in October.
Eurofound (2020), Selecta, Internal restructuring in France, factsheet number 102079, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102079.