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.
Nestlé Grand Froid, a subsidiary of the French group Nestlé and a producer of ice-cream, is to cut between 140 and 162 jobs during a streamlining of its two sites in Beauvais. The firm employs 742 at the two plants. The re-organization of the two sites will create a single entity and the job losses will be implemented between November 2007 and December 2009. During this period, 30 new jobs will also be created at the new single entity. Management at the firm have also announced that voluntary early retirement packages will be offered to those workers potentially affected by the restructuring. As of 28th September 2007, staff representatives at Nestlé Grand Froid are currently negotiating the proposed job losses with management at the firm.
Eurofound (2007), Nestlé Grand Froid, Internal restructuring in France, factsheet number 65854, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65854.