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 French group Lacoste Operations (the French clothing retailer company) has presented a layoff plan in its Spanish subsidiary (Lacoste Ibérica) to dismiss 100 people out of a total of 436 (23% of the workforce present in Spain). The restructuring plan will affect 58 people from Barberà del Vallès (Barcelona), 7 people from Barcelona and 35 from the headquarters of Badalona (Barcelona). The company reported the restructuring plan is motivated by 'economic-financial, organisational, technological and productive causes'. Union sources have informed that Lacoste announced at the same time to the works council that from now on the group will deliver its products to the Spanish market directly from France.
Eurofound (2018), Lacoste, Internal restructuring in Spain, factsheet number 95606, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95606.