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.
NTN Transmissions Europe, a manufacturer of bearings and transmission seals, is set to cut 127 jobs over the next two years across its three sites. Of these reductions, 72 positions in direct manufacturing, 42 in manufacturing support, and 13 in central functions will be eliminated. The decline in car production between 2019 and 2023 in Europe has resulted in overproduction at the Allones and Crézancy sites, prompting the need for these cuts. In addition, the company plans to modernise production at its Allones facility.
The trade union CGT has criticised the company, alleging that it is relocating operations to Sibiu, Romania, and sourcing components from China.
In total, the three sites currently employ 1,000 workers.
Eurofound (2025), NTN Transmissions Europe, Internal restructuring in France, factsheet number 202311, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202311.