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.
Otis, lift manufacturer belonging to the American United Technologies Corporation, will cut up to 170 jobs in several locations across France. Otis employs about 4,900 workers in France.
According to the unions, the restructuring was announced in November 2014 but the information and consultation process is still ongoing. The unions have been organising a strike against the job cuts and working conditions since the 5th June. The strikers are concerned also concerned with the increase of workload resulting from the staff reduction as well as the lack of wage increase in 2015. On 12 June, no compromise were found and 9,000 lifts were out of order on a total of 160,000 managed by Otis .
The company plans to outsource certain services, such as the Otis Line call service for peak times, which will be subcontracted.
Eurofound (2014), Otis, Internal restructuring in France, factsheet number 83701, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/83701.
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