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.
AOL France announced in November 2004 a restructuring plan affecting up to 120 employees. Management decided on 8 February 2005 to implement the restructuring starting from 15 February 2005. Voluntary resignations and internal replacement are expected to lower the number of direct dismissals. According to the result of these measures, the Neuilly-sur-seine site will loose up to a third of its personnel that is to say 99 job cuts.
Eurofound (2004), AOL, Internal restructuring in France, factsheet number 61402, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61402.