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.
Johnson Controls announced on 4 March 2005 231 job cuts out of 1070. This decision concerns the Strasbourg and Schweighouse-sur-Moder manufactures specialized in the production of automotive parts. The company had already suppressed 300 jobs in 2002 and announced in April 2004 the closure of the Harnes manufacture (Nord). The reason given is the fall in the turnover. However, the company is to invest in modern technology in order to improve its competitiveness.
Eurofound (2005), Johnson Controls, Internal restructuring in France, factsheet number 61293, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61293.