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.
Semi-conductor manufacturer LFoundry is to reduce its staff in Rousset by 153, 80 of which had a fixed-term contract. This is to affect 80 workers in production, 36 technical and 37 managerial positions.
Management announced negotiations with unions to avoid direct dismissals and to set up a voluntary departure plan.
German LFoundry had bought the plant in 2010. The commercial court placed the company into receivership in July 2013.
UPDATED 19-12-2013:
The commercial court of Paris will decide on the liquidation of the company on the 26 December.
Eurofound (2013), LFoundry Rousset, Internal restructuring in France, factsheet number 76244, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76244.