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.
This French restructuring plan of Alstom is part of a European plan, aiming at reducing the company's fixed costs in order to react to the failure of the energy market. At the end of April, Alstom has announced 558 dismissals in the French energy sector. At the end of May, the company announced 595 new dismissals. At the beginning of June, Alstom announced 350 new dismissals. At the end of June 2003, the following dismissals were effective: 300 dismissals following the closure of the 'La Courneuve' unit, 295 dismissals at the 'Belfort' unit, 100 dismissals at the 'Châtenoy-le-Royal' unit, 100 at the 'Velizy' unit and 125 at the 'Grenoble' unit.
Eurofound (2003), Alstom, Internal restructuring in France, factsheet number 60049, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60049.