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 8 October 2010, the management of automotive supplier Sealynx announced their intentions to cut 257 of 736 jobs at their plant in Charleval (Eure) beginning in November 2010. Unions at the Charlaval plant have been complaining about the relocation of production to the group's foreign sites and has indicated that they will seek to negotiate the best severance packages for the employees affected by the plan. The cuts will initially occur voluntarily.
Eurofound (2010), Sealynx Automotive, Internal restructuring in France, factsheet number 71065, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71065.