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.
French cable manufacturer Nexans has announced its plans to cut 387 jobs in France and to close down the plant in Chauny in northern France.
The Chauny facility employs 220 workers. Further cuts affect the plants in Fumay (53 job losses), Clichy, Jeumont, Lyon and Mehun. Management will launch a restructuring plan to foster voluntary departures and to organise internal transfers in order to avoid direct lay-offs.
The project was announced to staff representatives in September.
Eurofound (2009), Nexans, Internal restructuring in France, factsheet number 69580, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69580.