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 31 May 2011, the management of the printing company Imprimerie Didier Mary which belongs to Circle Printers Europe announced a restructuring plan resulting in the loss of 114 jobs.
This restructuring plan was adopted in the context of the restructuring of the French activities of Circle Printers Europe (formerly known as Quebecor employing 1,166 in France).
On 22 February 2011 the commercial court of Meaux (Seine-et-Marne) decided to place Circle Printers into receivership. The administrators have presented a large reorganisation plan to the consultation bodies with proposed job cuts.
The restructuring will also result in the loss of approximately 63 positions at Graphic Brochage, 37 at Helio Corbeil, 12 at CPS and 3 at CPF. In addition, the administrative receivers are reorganising the former company's various plants to improve efficiencies and increase production. They will also change working conditions. Circle Printers Europe has 3,000 employees in Europe and a turnover of 500 millions euro.
Eurofound (2011), Imprimerie Didier Mary, Internal restructuring in France, factsheet number 72041, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72041.