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.
(10 - 33) Manufacturing (16 - 17) Manufacture of wood and paper materials 17 - Manufacture of paper and paper products 17 - Manufacture of paper and paper products
71 jobs Number of planned job losses
Announcement Date
15 September 2004
Employment effect (start)
Foreseen end date
Description
Essef Décors Muraux, manufacturer of wallpaper, will shed 71 of its 224 employees on its site of Balagny-sur-Thérain (Oise). The company is suffering from the general drop of consumption of wallpapers, due to the growing success of new paints. The company's turnover passed from € 43 million in 1995 to € 21 million in 2003.
Sources
15 September 2004: Les Echos
Citation
Eurofound (2004), Essef Décors Muraux, Internal restructuring in France, factsheet number 60622, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60622.
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