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 Cerdia group - one of the main producers of cellulose acetate, the raw material for cigarette filters - has announced the loss of 123 jobs at its Roussillon (Isère) plant.
The group justified the internal restructuring with the significant production overcapacity in the industry as a whole and in Cerdia's plants due, in particular, to the structural decline of the global cigarette market. The plant's second activity, dedicated to the production of nitric acid and Raney nickel - an alloy used in catalysis - and which employs 32 people, will be maintained.
According to the company, the priority at this stage is to promote social dialogue to individuate, in consultation with the employees' representatives, the best possible support solutions for Roussillon employees. Reference is made to proposals for mobility and repositioning within the group, training programmes, aid for external redeployment and business creation. The management intends, moreover, to try to identify an alternative industrial use of the site.
Cerda is one of the global filter tow companies focused on serving the cigarette industry, and it recorded, in 2019, a turnover of €431.8 million, with a global workforce of 1,200 employees.
Eurofound (2020), Cerdia France, Internal restructuring in France, factsheet number 101404, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101404.
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