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.
Naval Group's marine renewable energy subsidiary, Naval Energies, has announced 100 jobs cut: 30 Naval Energies' employees will be transferred to the parent company, Naval Group and the subsidiary OpenHydro in Ireland will cut 70 jobs. In total, Naval Energies will eliminate 100 positions out of a total workforce of 260 employees. The company stresses that the market for wind turbine construction at sea is growing at a slower pace than expected.
Eurofound (2017), Naval Energies, Internal restructuring in European Union, factsheet number 92917, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92917.