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 managemen of the French railway company has announced a reorganisation of its subsidiary Voyagesncf.com, hosting its travel agency activities, that will lead to the closure of the subsidiary, the creation of a new entity, OUI.com mainly managed outside the EU. The European Works Council of SNCF, that was seized with a procedure of information/consultation regarding this subsidiary Voyagesncf.com, has adopted a negative advice about this reorganisation that will lead to cut 41 position in Belgium, 20 in Germany, 19 in Italy, 7 in Switzerland, 8 in Spain and 13 in the United Kingdom. About 36 positions could be created in France to compensate the job losses at EU level.
Eurofound (2018), Voyage SNCF.Com, Internal restructuring in European Union, factsheet number 95701, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95701.