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.
Devotis, a French company specialised in video digitisation, announced on 31 January 2007 that it is aiming to increase its workforce to 200 employees by January 2010.
Devotis will benefit from 800,000 euro worth of state financial aid - aimed at creating jobs locally - to help it establish itself in the former Kodak site in Chalon Sur Saone, in the South-east of France. The company is expected to invest around two million euro in the factory and manufacture one million units of video follwing a remarkable growth in sales.
Devotis, which moved into the premises in December 2006, already has a workforce of 20 at the site. The company, whose sales turnover reached seven million euro in 2006, has three shops in Paris, Lille and Brussels.
Eurofound (2007), Devotis, Business expansion in France, factsheet number 64855, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64855.