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 management of the French subsidiary of US oil and gas products and services provider Cameron International – which was taken over by the Schlumberger group in September 2015 – has announced that it will cut 249 jobs out of 776 at its site in Béziers, southwestern France by the end of 2016.
The management has presented an employment safeguard plan to its works' council on 7 July and has launched negotiation with trade unions on 8 July. The aim is to set the plan by October to obtain the green light of the Labour inspectorate. The management expects to launch the plan by the end of the year. At this stage there is no information regarding the number of forced dismissals or alternative measures that will be implemented.
The measure aimed to cope with a 92% drop in orders and a 69% drop of activities since the beginning of 2015 caused by a sharp decline in drilling activities. Over the last several months, the company has cut about 200 positions of short-term contract and temporary workers in an attempt to avoid redundancies of permanent staff. It has also relocated activities in its site that was externalised to subcontractors. But these efforts, according to management, were not sufficient to face the "largest crisis in 30 years". The company also cut 142 positions in 2009.
Eurofound (2016), Cameron France, Internal restructuring in France, factsheet number 88157, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88157.