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.
Dutch fashion chain C&A announced the closure of two shops in Paris by the end of 2022, and145 jobs are at risk. The company has informed the trade unions representatives about the planned closures of the shops on Boulevard Haussmann and Rue de Rivoli. According to the management, 'the company has positioned itself on options for redeployment, training and mobility in the various French regions'. According to the trade union FO, the management is hiding behind financial difficulties that have been known for almost a decade, but which they thought they could circumvent with a lease negotiation technique. C&A will only have two Parisian sites left (Montparnasse and La Défense).
C&A employs 23,000 people in 18 European countries.
Two previous restructuring cases involving C&A were recorded in the ERM database, with 216 job cuts in 2020 (C&A-2020-FR) and 115 job cuts in 2019 (C&A-2019-FR).
Eurofound (2022), C&A France, Closure in France, factsheet number 106968, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/106968.