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.
Compagnie des Fromages et Richesmonts announced the closure, by May 2019, of its production site in Coutances, which employs 86 people on permanent contracts and 15 temporary workers. Management has announced to the employee representatives the closure of the site within one year. It justifies this decision by a decline in sales: the cheese production has decreased by 4 to 5% over the last 4 years and has been declining for more than 10 years. Proposals for reemployment could be made to employees at the other sites of the group in Normandie as Vire (Calvados), Ducey or Pacé (Orne).
Eurofound (2018), Compagnie des Fromages & Richesmonts, Closure in France, factsheet number 94210, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/94210.