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.
French men's clothing retailer Celio has announced to cut about 49 positions out of a total workforce of 350 employees at its headquarters in Saint-Ouen, near Paris. In addition to the direct dismissals 16 people will be relocated to other functions. The group, whose turnover reached €1 billion in 2014, attributes the decision to cut the jobs to the need to restore its competitiveness in the face of the sharp competition from discount and on-line retail.
Eurofound (2015), Celio, Internal restructuring in France, factsheet number 83675, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83675.