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.
Equant, subsidiary of France Telecom, is to cut 1,744 jobs worldwide. This restructuring plan was announced on 19 April 2005 and will affect 20 % of its personnel. Equant management wants to centralize its operational activities in India (Mumbai and Bombay), Egypt (Cairo) and Brazil (Rio de Janeiro) where Unions expect that five hundreds jobs might be created. The delocalisation will be completed by the end of 2005. In France, 358 jobs will be suppressed in Paris, Rennes and Nice sites. However, no redundancy programme is planned since French employees will all be relocated in other units of the group. The France Telecom objective is to lower the functioning costs of its subsidiary in order to be more competitive.
Eurofound (2005), Equant, Offshoring/Delocalisation in France, factsheet number 61475, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61475.