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.
Groupe Zannier, a clothing retailer specialised in children's fashion, has announced a restructuring plan envisaging 162 job cuts and 59 offers to modify employment contracts. In detail, the job cuts refer to 41 retail jobs and 121 jobs at its support and logistics services units. As reported, the job reduction measure is due to increased competition and a decrease of demand for children's clothes. The group has offices in Paris and in Saint-Chamont (Loire) and 802 shops in France.
Eurofound (2014), Groupe Zannier, Internal restructuring in France, factsheet number 77940, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77940.