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.
Ford Aquitaine Industries (FAI), the French company that makes automatic gearboxes for the US car maker, announced on 23 October 2006 its intention to cut 180 jobs between January and October 2007. It will be achieved by putting in place pre-retirement measures for workers aged 57 and more. To avoid direct dismissals and encourage the employees to voluntarily leave the company, Ford will offer financial incentives proportional to seniority.
It is the second plan of job reductions announced by the company in 2006. The reason for this second plan is that the financial results of Ford are even more worrying than when the first plan was adopted in April 2006.
Eurofound (2006), Ford Aquitaine Industrie (FAI), Internal restructuring in France, factsheet number 64292, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64292.