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.
Fournier group has announced a restructuring with 268 job cuts in its subsidiary Hygena, a retailer of custom made kitchens.
Fournier Group will relocate from UK the kitchen production to its French site in Thônes (Haute-Savoie). This decision will lead to job cuts in the logistics site of Wancourt (Pas-de-Calais) for which Fournier announced to seek for a take-over. Support functions at the headquarters at Seclin (Nord) will also be cut and several Hygena shops will be closed. The management has announced that it will offer 140 positions within the Fournier group to the affected employees and to find employment solutions for the others. 76 positions will be transformed into sales positions . As employees could refuse a change of their employment contract, the number of dismissals could increase over the 268 already announced.
Fournier is the owner of the custom made kitchens brand Mobalpa and took over Hygena in October 2014. Hygena has 125 shops in France and 710 employees. The company is struggling with a decrease in sales from €142 million in 2013 to €120 million in 2012.
Eurofound (2015), Hygena, Internal restructuring in France, factsheet number 83697, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/83697.
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