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 24 July, the steel manufacturer Ascométal has announced a reorganisation plan including 307 job cuts. The plan will affect all its French units: the steel factory of Fos-sur-Mer (Bouches-du-Rhône), Allevard-le-Cheylas (Isère), Les Dunes (Nord) and Hagondange (Moselle) and two other plants in Le Marais (Loire) and Custines (Meurthe-et-Moselle).
The company is currently owned by the investment fund Apollo.
Eurofound (2012), Ascométal, Bankruptcy in France, factsheet number 73923, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73923.