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 Italian group Maflow, specialised in manufacturing flexible devices and circuits of air-conditioning for motor vehicles, announced on 29 November 2006 that Maflow France will cut between 100 and 200 jobs. The job cuts are expected to take place between January 2007 and December 2008. Maflow France currently employs 420 worker in its factory in Chartres (Eure and Loire). Renault and Peugeot SA are among Maflow's main clients. The sales of cars have fallen in the last months and manufacturers do not expect an increase again in the near future.
As a result of this, Maflow France has made the decision to cut 100 jobs in 2007 and 100 more in 2008.
Eurofound (2006), Maflow France, Internal restructuring in France, factsheet number 64530, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64530.
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