CRI SR

Business divestment or reconfiguration without recourse to an employment protection planResponsible site closure

Key Stakes

Economic: Profitable alternative to closure.
Social: Harnessing the potential of existing knowhow.
Societal: Showing ethical social conduct – avoiding abandoned industrial sites.

Principles

Alternative development options at lower economic cost than conventional employment protection plans.
Protecting the site’s long term prospects by selling it to a buyer in a non-competitor sector.
Reintegration of the workforce (L 1224-1).
Seamless business transformation, without impacting the industrial fabric of the region.

Added Value

Economic: Savings of 20 to 50% compared to conventional employment protection plans – seamless site conversion without stopping business.
Social: Positive social impact – employee motivation is crucial to the success of the new business  – a development project which puts human interests first.
Societal: Less regulatory constraints – positive impact on the surrounding region (jobs) – powerful image boost for company making the sale.