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 aeronautical subcontractor BT2i has announced a reorganisation with 199 job cuts in its various subsidiaries in France. The reorganisation involves the closure of the site of its subsidiary Simair at Colomiers (Haute-Garonne, 49 employees). Other job cuts will take place at the following sites: Simair, based in Rochefort (Charente-Maritime), will be affected by 11 job cuts out of 190; Map, in Serres-Castet and Pontacq, in the Pyrénées-Atlantiques will cut 105 jobs out of 270, Cauquil in Mondouzil (Haute-Garonne), will cut 34 jobs out of 90. Caromar Techno in Bidart (Pyrénées-Atlantiques) will see its staff be transferred to another site. BT2i's general manager explains that with the drastic reduction in production rates of all the company's customers, BT2i needs to reorganise its industrial setup. The group, 95% of which works for the aeronautics industry, brings together a group of SMEs acquired over the last few years, based mainly in the regions New Aquitaine and Occitania.
The reorganisation is part of a worldwide plan aiming to cut 780 jobs.
Eurofound (2020), BT2i, Internal restructuring in France, factsheet number 102004, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102004.