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.
On 30 April 2010, car seat manufacturer Faurecia announced that it is to cut 185 permanent jobs (i.e. half its workforce) in the coming months at its plant in Pulversheim. These job cuts result from the fact that the PSA Peugeot-Citroen plant in Mulhouse did not select Faurecia to produce car seats for the Citroen C4, which is going to market next fall. As a result of the loss of business with PSA, the car seat manufacturer is losing more than one third of its business. At the same time, 286 positions will become mobile. Of these, 100 employees may be redeployed to Johnson Controls, recipient of the car seat contract for the Citroen C4. Faurecia has closed a dozen sites in recent months and eliminated 4,000 jobs in France between July 2008 and December 2009.
Eurofound (2010), Faurecia, Internal restructuring in France, factsheet number 70633, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70633.
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