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.
On 20 July, the oil company ExxonMobil announced a plan to cut 133 jobs at the chemical division of its site in Port-Jérôme which currently has 2400 employees, including 1300 in the chemical division. The aim is to "restore profitability", said the management, and "save the business" by taking advantage of "high potential integration of the site" which has a refinery and a chemical platform. This restructuring will be accompanied by a social plan (plan de sauvegarde de l'emploi -PSE), focusing on internal reclassification and incentives to leave the company.
Eurofound (2010), ExxonMobil, Internal restructuring in France, factsheet number 70777, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70777.