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.
NEC Computers, a manufacturer of personal and notebook computers, has announced the lay off of 387 employees in France. 53 jobs will be cut at the head office in Puteaux and 334 (out of 362) at the production site in Angers. The company plans to end its manufacturing activities in Europe while maintenance and support services wil be kept in operation. The cuts are blamed on sharp decline in sales and increasing competition and are part of the company's strategic cost-saving plan, which involves 20,000 job cuts worldwide.
Eurofound (2009), NEC Computers, Internal restructuring in France, factsheet number 69085, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69085.