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.
Multinational France-based manufacturing group Vallourec has announced a restructuring at its two plants in Saint-Saulve (Nord) with 250 job cuts and the creation of 60 new jobs. According to the sources the measure aims to improve the competitiveness of the sites and deal with the low market demand.
As announced, the negotiations on the social plan have already started and is expected that forced dismissals will be avoided and that 145 jobs will be cut by means of natural attrition in the next two years with some staff also having the possibility of internal transfer within the goup.
Eurofound (2014), Vallourec Tubes France, Internal restructuring in France, factsheet number 77043, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77043.