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.
Goodyear Dunlop, the U.S. manufacturer of tyres, has announced that it is to cut 450 jobs at its site in Amiens. The job cuts are to be implemented between January 2008 and December 2010, and the firm has stated that no compulsory redundancies will be made as a result of the restructuring. Under the terms of the plan, the number of working days in the year will also increase from the current 326 to 350. In addition, each employee will have to work 35 hours per week. Currently, there are three groups of employees working 35 hours a week at the plant and another two groups working 28 hours a week. The new plan foresees the raising of productivity at the site by 25 per cent, and will also involve an investment of 52 million EUR into new technology at the plant. Staff and unions at the Amiens plant have reacted with anger to the plan. On October 19th 2007, the 2,700 employees at the site rejected the plan with a 64.55% vote. The vote against the plan came about five weeks after the plan was announced to staff in the plant in the first half of September, and days before the firm made the official announcement regarding the job losses on 22nd October 2007.
Eurofound (2007), Goodyear Dunlop, Internal restructuring in France, factsheet number 65945, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65945.
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