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.
Yahoo! is to make 52 of its 251 employees (20% of its workforce) redundant at both its plants in France at Paris and Grenoble. The restructuring measures are part of a 'plan to safeguard jobs' for the rest of the employees. The redundancies are part of a cost cutting plan announced last October, to save $400 million. The principal workers involved will be engineers.
The company had already laid off 140 employees last November, when they sold their subsidiary Kelkoo, a price comparison internet company (for information only - these figures not included in this factsheet).
Eurofound (2009), Yahoo! France, Internal restructuring in France, factsheet number 68324, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68324.