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 Franco-Italian semiconductor STMicroelectronics has announced it will recruit 250 employees in its site of Crolles 2, near Grenoble (Isère). The company announces to increase its investment to increase its turnover in 2017 and for the next years, thanks to innovations and new technologies. The production capacity in 300 mm chips will pass from about 2,500 wafers to 5,000 wafers per week and the production capacity in 200 mm chips from 4,000 to nearly 6,000 wafers. The Crolles site has recently been focusing more and more on the development of digital technologies for cars' sensors, everyday's Internet of Things objects, and smartphones.
In 2016, the group cut about 430 positions in France as part of a restructuring plan that involved 1,400 jobs worldwide out of a total workforce of 43,000 employees. Restructuring events in France were recorded in 2011 (130 job creations), 2017 (250 job creations), 2005 (180 job reductions in September; 1,000 job reductions in June) and in 2003 (575 job reductions).
Eurofound (2017), STMicroelectronics Crolle 2, Business expansion in France, factsheet number 90558, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90558.