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 aircraft company Latécoère announced a restructuring plan involving 236 job cuts in France as part of a strategic project – Transformation 2020 – to prepare, according to the management, 'the group to fully benefit from the next cycle of new programmes expected over the period between 2020 and 2025 based on renewed competitiveness and investment capacity'. 'This project aims to improve the group's competitiveness and adapt it to the needs of its aerospace industry customers currently going through a phase of major transformation within an increasingly demanding competitive ecosystem'. The redeployment project will include new investments and new plant to be created near Toulouse. It will also require measures adapting the workforce including a voluntary departure plan, followed by a job saving plan that could lead to forced dismissals. A plant will be closed in Tarbes (Haute-Pyrénées) and its activities will be transferred to Gimont (32) and Liposthey (40). The information and consultation process with employees' representatives is expected to be closed by November 2016. The first departures in the framework of the voluntary departure plan are then expected to start. The company will maintain its headquarter along with high value operation in Southwest of France, but it will pursue its investment also in low cost countries, as the creation of a new facility in Bulgaria to host light low-added value assembly operations. Investments are also announced in Czech Republic and Mexico. The group has a workforce of 2,356 employees in France and 1862 people abroad and is offshoring parts of its production to lower cost-countries (Czech Republic, Tunisia and Brazil for example) in order to stay competitive. About 1,000 job cuts were recorded in France in 2008.
Updated, 29/09/2016; During one of the latest negotiation meetings about the Employment safeguard plan, between 40 and 100 employees went on strike at the headquarter in Toulouse (40 according the management and 100 according to the union CGT). At this stage of negotiations, the plan forecasts 160 job cuts, 77 people will be offered different positions and 55 people will be offered jobs within the group (source AFP-Liaisons).
Eurofound (2016), Latécoère, Internal restructuring in France, factsheet number 87713, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/87713.
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