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.
The automotive supplier Faurecia has announced to cut 128 positions in its plant at Nompatelize (Vosges). Last year Faurecia has announced a worldwide restructuring of its car seats manufacturing activities which is the main activity of Nompatelizes' plant (the group has already closed, last December, a plant in Canada).
The plant is specialised in the manufacturing of car seats. As reported, the job reduction measure is due to a decreasing demand and for that reason about half of the workforce was on short-time working the last months. The management will support voluntary departures.
Eurofound (2014), Faurecia, Internal restructuring in France, factsheet number 77615, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77615.