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.
Sofedit-Gestamp, specialized in hot stamping for car manufacturers, is to cut 190 positions by the end of 2013. The plan affects mainly the plant of Theil-sur-Huisne (Orne) with 114 job cuts and the Sofedit-Gestamp’s headquarter (20 job cuts) on a total workforce of 891 employees (15% of the total workforce). Other units are affected also in France. According to the sources, the job cuts where negotiated with social partners in the framework of a company-level agreement on workforce adaptation. Till now no further information is provided on the type of job cuts measures (direct dismissals or other reduction measures).
Eurofound (2013), Sofedit, Merger/Acquisition in France, factsheet number 75113, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75113.