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 automotive supplier Nobel Plastiques has announced a restructuring plan, affecting 120 workers in the production department, for its plant located in Vitry-le-François (Marne) that employs 277 employees. The plant is specialised in the transfer of fluids, the manufacture of tubes and components for the automotive sector. It has realised a turnover of €40 million in 2016.
The management wants to decrease the workforce through a social plan which was announced on May 2. According to the plan, 40 positions will be cut in 2017 and 80 in 2018. To explain the decision, the company states that it is "confronted with the competition of countries with lower labour force for several years and the purchasing policies of car manufacturers". Nobel Plastiques, a subsidiary of the Turkish group Orhan, promises to support employees towards a replacement either internally or externally, proposing "a complete and coherent mechanism for return to employment", as well as "constructive social dialogue". In 2013, already 200 positions have been cut in the plant.
Eurofound (2017), Nobel Plastiques, Internal restructuring in France, factsheet number 90942, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90942.