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 world's number one luxury group LVMH has as announced the opening its third leather goods workshop at Saint-Pourçain-sur-Sioule (Allier) that will lead to recruit about 250 employees. The workshop will be opened end 2019 - beginning 2020, but recruitments have already started.
The building of the worshop began in April. A company restaurant is also being built, and a parking with 300 additional spaces . The company has been in contact with the Public employment service (Pôle emploi) for the past year, which 'supports Louis Vuitton in its recruitment for the positions of leather goods worker'. A dozen information meetings were organised in 2018, with 40 jobseekers invited each time. 230 people were evaluated via simulation test and 148 passed the skills tests. To date, 62 hires have been made. The integration on permanent contracts is provided after a 6-month fixed-term contract period.
The group Louis Vuitton has already announced, in February 2018, the recruitment of 200 employees at its site in La Merlatière (Vendée) and in March 2018, the recruitment of 250 employees at its site of Beaulieu-sur-Layon (Maine-et-Loire).
The Louis Vuitton brand employed 4,500 people in 2017 worldwide, including 3,500 in its French workshops.
Eurofound (2019), Soc des Ateliers Louis Vuitton, Business expansion in France, factsheet number 97667, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/97667.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
