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 Grandis group, which manufactures luxury ready-to-wear clothing for major brands, mainly French, has announced the recruitment of 150 to 180 people in its workshops located in Basse-Normandie. These recruitments will be made through a scheme financed by the Normandy region, 'One training, one job'. The system is based on the public training organisation GRETA, which offers training as a garment mechanic, renamed 'artisan couturier' for this project. This training will last six months for a total of 800 hours at cost of €81,000 for the Region. The participants will learn 'the fundamental knowledge, the company's know-how and the know-how to be'. In exchange, the employer committed to 'recruit for at least six months'. However, the recruitment rate for permanent contracts following this type of training is over 90% in the sector compared to a national average of 50%.
Eurofound (2019), Grandis, Business expansion in France, factsheet number 97206, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/97206.
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