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.
Kitchen furniture manufacturer Schmidt Groupe has announced the recruitment of 200 people at its site located in Sélestat (Bas-Rhin). New positions are mainly for production and maintenance operators and technicians. This site has just been extended with a new 20,000m² production building which should eventually manufacture around 400 kitchens per day. The investment is part of the €150 million investment plan announced at the end of 2021. Repeated lockdowns linked to the COVID-19 crisis and the extension of the use of teleworking have led to an explosion in demand.
The group employs 7,900 people worldwide for a turnover of €1.9 billion. In France it employs 1,770 people.
Eurofound (2022), Schmidt Groupe, Business expansion in France, factsheet number 106722, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106722.