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.
Société de Véhicules Automobiles de Batilly (Sovab), a subsidiary of the group Renault, announced that it will recruit 108 employees by the end of 2016 at its plant in Batilly (Meurthe-et-Moselle) specialised in the manufacturing of utility vehicles. The plant has already recruited nearly 70 employees since January 2016 but needs to increase its workforce with an additional 108 recruits in order to manage increasing production volumes of over 600 vehicles per day. Sovab expects to recruit its new employees on permanent employment contracts, and will preferably offer such permanent positions to a number of their temporary workers who are due to conclude their temporary contracts. In April 2012, Sovab announced that it would reduce its production from 500 to 422 vehicles with the cut of 313 temporary contracts out of a total of 440.
Eurofound (2016), Société de Véhicules Automobiles de Batilly , Business expansion in France, factsheet number 87618, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/87618.