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.
ThyssenKrupp Elevator Manufacturing France, the French subsidiary of the elevator manufacturer ThyssenKrupp Elevator, announced plans to cut 258 jobs at its manufacturing site in Saint-Barthélémy-d'Anjou near Angers by 2015. As reported, the job reduction measure is due to a general decline in the building market, the sharp competition and overcapacities.
According to the sources, the plan envisages that only 184 jobs will remain at the site. The company announced its intention to avoid forced dismissals and negotiate a social plan with support measures for the affected workforce.
Eurofound (2014), ThyssenKrupp Elevator Manufacturing France, Internal restructuring in France, factsheet number 77613, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77613.