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 the public radio broadcasting company Radio France has announced to its Central Works Council a cost saving project which includes a voluntary departure plan that would affect 350 employees. Radio France expects a deficit of € 21 million into its budget for 2015 and expects to return to stability by 2017. Employees represent 55% of the group's costs and according to management. The expert nominated by the employees' representatives, Tandem, has highlighted that a return to stability at Radio France will not be possible by 2017. The experts also stated that the voluntary departure plan could be avoided if the company delayed its goals of stability to 2018. Tandem explained that if only one out of two employees going into retirement between 2015 and 2019 were replaced, this would allow Radio France to save between €23.2 million and € 38.1 million. The management took into account this opinion and decided to analyse it and to come back to the Central works council by September, with a new business plan.
Eurofound (2015), Radio France, Internal restructuring in France, factsheet number 84310, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84310.