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 management of CPP Europe has announced the closure of its aluminium foundry Microcast at Adé near Lourdes (Hautes-Pyrénées). The plant, which had suffered a fire in December 2014, is a supplier for the aerospace and defence industry and Formula 1. It employs about 138 people. Some 96 employees have been dismissed mid-July and another 42 will dismissed as of November. The production activities will be transferred to another French plant of the CPP Europe group near Chateauroux (Indre), where alternative positions will be offered to 25 dismissed employees. Already placed in liquidation in 2007, Microcast was taken over by the CPP Europe in 2008.
Eurofound (2015), Microcast, Closure in France, factsheet number 84303, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84303.