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.
Ernst & Young France has announced that nearly 300 jobs out of 4,700 will be cut between September and December 2009. The economic crisis has forced Ernst & Young France, last month, to implement this plan. The measure affects 307 workers or 6.5% of France total workforce.
In March, Ernst & Young France had informed the work council of his intention to establish a plan for voluntary departures. The plan proposes an ‘invitation to voluntary departures'. By August, the 307 affected workers accepted to leave the company on a voluntary basis.
Eurofound (2009), Ernst & Young, Internal restructuring in France, factsheet number 69358, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69358.