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.
Managers at Solectron France, the French division of the US electronics group, announced on 15 August 2006 a draft restructuring plan to the works council. Solectron Corp. announced that Solectron France (740 employees) will cut between 206 and 250 jobs before the end of 2006 in its factory in Canéjan, Gironde, which is specialised in the manufacture of electronic charts. Increased international competition explains this decision. Back in 2000, the Canéjan factory employed 2,000 people and was then sold by the French group Giat Industries to Solectron Corp. This is the eighth such plan to be implemented by the company in just over five years. 70-80 jobs are expected to be cut in the repair sector because of the transfer of part of their activities to Hungary, and 120-130 jobs will be lost in production. Within the previous social plan, in November 2005, 250 jobs were cut.
Eurofound (2006), Solectron France, Offshoring/Delocalisation in France, factsheet number 64038, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64038.