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.
Forvia (ex Faurecia), a French global automotive manufacturer and supplier, is cutting 72 out of 300 jobs at its Bains-sur-Oust factory (Ille-et-Vilaine) as part of a broader plan to reduce 10,000 positions across Europe until 2028 to enhance competitiveness.
Initially announced in February, the plan projected a reduction of 80 to 90 jobs at the site, with two-thirds of the cuts in manufacturing roles and the remaining third in administrative positions. The factory faced pressure of potential closure at the time. Following the announcement, voluntary departures reduced the number of layoffs to 72. After negotiations with trade unions, six jobs were preserved due to their critical roles. As a result, 66 employees will be let go on December 3rd.
Eurofound (2024), Forvia, Internal restructuring in France, factsheet number 201869, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201869.