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.
Alphacan SA, a subsidiary of the Group Kem One Innovative Vinyls (former Vinyls division of the group Akerma), has announced a restructuring that will lead to cut 92 positions on a total workforce of 271 employees. The company that is specialised in PVC for windows, will cut 92 positions in its plant of Gaillac (Tarn) on a total of 133 employees and create 24 positions in Sablé-sur-Sarthe (Sarthe), which currently has 68 employees.
With a turnover of €43.6 million in 2015, Alphacan SA had three sites in France: Gaillac, Sablé-en-Sarthe and Chantonnay (Vendée). The aim of the restructuring, according to management, is to adapt to the declining construction market and to cope with strong French and foreign competition in the PVC sector and significant losses over the past years. If all recruitment objectives are achieved, then the net job losses will decrease to 68 positions. On October 14th and 20th, the employees and citizens of the city of Gaillac have organised strikes and demonstrated across the city to denounce the job cuts. Negotiations with the social partners are ongoing.
Eurofound (2016), Alphacan, Internal restructuring in France, factsheet number 88966, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88966.