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.
Cement producer Lafarge has announced it will cut about 200 positions in its cement division by 2018. The company announced that most of the cuts will be done through a voluntary early retirement scheme included in a global employment forecast agreement negotiated with unions. Lafarge employs about 4,500 people in France and around 1,400 staff in its cement activity. According to management, the 200 job cuts is the maximum foreseen. The first early retirements are expected after negotiation between social partners that could take about 4 months. The early retirement plan is independent of the employment consequences of the merger with the Swiss cement group Holcim, which has already led to 203 announced job cuts.
Eurofound (2015), Lafarge, Internal restructuring in France, factsheet number 83901, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83901.