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.
Meteo France, the weather forecast organisation, has announced that it is to close more than half of its centers (about 60 out of 115) in France. As a result, between 550 and 1000 jobs will be cut by the end of 2017. To date, the management does not intend to implement direct dismissals, but rather not to renew the lost positions of those who would retire. The unions’ representatives attributed these cuts to the new national trend: the curtailment of the costs in the public sector. It is feared that job cuts will concern thousand of employees.
Eurofound (2008), Météo France, Internal restructuring in France, factsheet number 66698, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66698.