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.
Franco-US telecom equipment provider Alcatel-Lucent announced plans to cut 814 French jobs throughout 2009 and 2010. Administrative and sales positions are believed to be form the greatest share of the cuts, with some industrial positions also affected.
The cuts come as part of a massive global €750 million cost-cutting plan. An initial announcement of 850 job losses was made in July 2009, only for this figure to be revised down to 814 in September. Unions were pretty angry at both announcements, launching into spontaneous strike action at affected sites.
Eurofound (2009), Alcatel-Lucent, Internal restructuring in France, factsheet number 70370, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70370.