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 the 24th of April 2013, the car manufacturer PSA Peugeot-Citroën will remove a night shift (created in September 2009) in its Sochaux plant and cut about 800 to 850 jobs in its temporary workforce. Permanent staff will be replaced on day positions. The decision will be implemented on the 15th of July. The management explained this decision by the huge decrease of sells in Europe. As announced in March there were 300 new jobs in Sochaux (see here).
In summer 2012 the company announced a restructuring plan (see here) affecting in total 8,000 jobs in France. According to this plan, the Sochaux site would be affected with the loss of 684 jobs. According to the most recent announcements there were 579 voluntary departures and a redeployment plan. 125 employees were redeployed in the R&D unit and 113 ones in the Industrial Management unit.
Eurofound (2013), PSA Peugeot-Citroën, Internal restructuring in France, factsheet number 75326, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75326.