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 5 January, the solar cells manufacturer Photowatt announced it is to cut 195 jobs (permanent posts) at its Bourgoin-Jallieu (Isère) site. The French subsidiary of the Canadian group ATS has to compensate for a large sales price decrease (-45% since 2008). The group also announced its intention to help offset the job loss by recruiting 100 workers for product development.
Update 04-02-2011: In addition to the 195 job losses announced earlier, in February Photowatt announced to cut 136 temporary worker's positions at its site in Bourgoin-Jalllieu. Reportedly the jobs will be delocalised to Poland.
Eurofound (2011), Photowatt, Offshoring/Delocalisation in France, factsheet number 71482, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71482.