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 pharmaceutical company Famar (3,560 employees) is to announce a social plan that will cut 170 positions out of a total of 320 positions at its plant at Orléans. The plant will be closed and all activities will be relocated to other plants near Orléans.
In September, employees decided to strike to obtain a financial compensation up to 5,000 Euros for their efforts throughout the past years and other compensation.
A timeline for the restructuring is yet to be announced.
Eurofound (2011), Famar, Relocation in France, factsheet number 72396, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72396.