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 European Aeronautic Defence and Space Company (EADS) is to cut up to 1,700 jobs in in France by the end of 2016.
As announced, the plan will affect the company sites at Montmorency (Paris), Suresnes, Elancourt and Les Mureaux.
The measure is part of a large-scale European restructuring plan envisaging 4,300 job cuts and 1,500 redeployments in Europe.
According to the sources, the management aims at implementing the cuts mainly through voluntary measures and internal redeployment. In France, about 300 positions could however be cut directly.
Negotiations with trade unions are to last until mid-2014.
Updated, 29-01-2014:
According to the management, four French sites are affected by the restructuring: 411 positions will be cut in Elancourt (Cassidian), 396 in Toulouse (Astrium), 309 in Mureaux (Astrium) and 213 in Saint-Médard (Astrium). Other sites will be affected as the offices in Paris. As previously announced, the total job cuts will affect 1,700 positions.
Updated, 06-05-2014: As reported the restructuring plan was revised and the final number of the job cuts is 605.
Eurofound (2013), European Aeronautic Defence and Space Company (EADS), Internal restructuring in France, factsheet number 76319, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76319.
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