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.
The manufacturer of lingerie, underwear, tights and stockings DIM has announced it will cut about 142 salesperson positions working in shops and boutiques such as Galeries Lafayette and Le Bon Marché. The company wants to avoid forced dismissals and to replace as much as possible employees within the company, according the HR manager. About 10 positions will be open for internal mobility. Also, about 47 employees could leave the company with aging measures or early retirement. The social plan that was signed by two unions (CFE-CGC, CFTC) forecasts 142 job cuts including 7 positions that are currently not occupied (at least 135 positions will be cut). It includes an "outplacement leave" (congé de reclassement), that could reach 24 months with the possibility to choose to leave on early retirement 4 1/2 years before the legal retirement age with full pension. In this period, employees would receive near to 100% of their salary. Employees who would be dismissed will receive an extra legal dismissal allowance that could reach euro 50,000 depending on seniority and qualifications. DIM has 1,800 employees in France. Management explains its decision by a trend in the famous "Grands magasins " such as Galeries Lafayette or le Bon Marché to focus on luxury products. This obliges the stores to upgrade the skills and the role of salespersons. DBApparel group which has the underwear brands DIM and Playtex, decided in May 2006 to cut 950 jobs in DIM throughout Europe including 450 in France (see ERM FS).
DBApparel is owned by American private equity firm Sun European Partners.
Eurofound (2014), DIM, Internal restructuring in France, factsheet number 77085, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77085.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
