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.
Global oilfield services provider Schlumberger is to cut 120 jobs in its subsidiary EPS at Clamart (Haut-de-Seine) out of a total workforce of 636 employees. In 2015, a previous reorganisation has affected the same site and the site of Abbeville with an announcement of 120 job reductions that led to 92 job cuts in the site of Clamart.
On 28 March, about 200 employees have participated in a demonstration organised by the four representative unions to denounce this new job cuts. The cuts come in response to falling profits, which the company has blamed on falling crude oil prices and the resulting decline in extraction activities. Its global turnover dropped of 42% between 2014 and 2016. There is no information about the number of direct dismissal and schedule as these points are part of the negotiation with unions.
Eurofound (2017), Etudes et productions Schlumberger (EPS), Internal restructuring in France, factsheet number 90627, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90627.