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.
Multinational telecom supplier Alcatel-Lucent is to sell its plant at Eu (Seine-Maritime) to Selha Group. The project will lead to 83 job cuts. Exclusive negotiations have started with the Selha Group (750 employees) which will take over the plant in June 2016. Alcatel-Lucent will finance a social plan with a voluntary departures plan based on age and seniority and also including internal mobility possibilities. The workforce will decrease from the current 305 employees to 222 by June 2016, “with no forced dismissals”, according to management
In October 2013, Alcatel-Lucent announced a worldwide restructuring with over 10,000 job cuts including 900 in France. The plan foresaw the sale of Eu plant but not the job reduction. In January 2015, Alcatel-Lucent decided to reduce the workforce to facilitate the sale.
Eurofound (2015), Alcatel Lucent EU, Merger/Acquisition in France, factsheet number 84304, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84304.