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 French subsidiary of the Japanese group Sanden, has announced that they will recruit about 100 employees on permanent employment contracts at its site of Tinténiac (Ille et Vilaine) near Rennes, over the coming months. The site currently has 850 employees on permanent employment contracts and 300 temporary workers to face an increasing activity. The turnover raised from €190 million in 2015 to €250 million in 2016. Over the past seven years, the group has invested between €10 and €15 million each year in its site. The site produces 2,500,000 piston compressors, 150,000 electric compressors and 3,500 heat pumps. The site has diversified its products and its customers over the past 20 years. In 1996, 80% of the production was intended for the two French car manufacturers PSA Peugeot Citroën and Renault. Now these two customers represent 25% of the production.
Eurofound (2016), Sanden Manufacturing Europe, Business expansion in France, factsheet number 88716, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88716.