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 US firm Monsanto, which currently employs around 3,700 people in Europe, has announced that it will cut about 81 positions in France from a total workforce of 600 employees. A further 10 positions will be changed and it will close its research and development sites of Nerac (Lot et Garonne) and Andard (Maine-et-Loire) “in the coming months”. If the 10 employees refuse changes to their positions, then a total of 91 employees could be dismissed. According the daily Sud-Ouest, the site of Nerac will close August 31. Of the 4 people currently employed there, one will be relocated within the group and three others will be dismissed. In its press release, the Monsanto group highlights it will create 42 redeployment positions that could be proposed to the employees that are affected by the reorganisation. Monsanto announced in October 2015 that it will cut about 2,600 positions worldwide (from a total of 20,000 employees), or about 13% of its workforce.
Eurofound (2016), Monsanto, Closure in France, factsheet number 87538, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/87538.