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 aeronautics subcontractor Derichebourg Aeronautics Services announced a reorganisation linked to the COVID-19 crisis entailing 700 job cuts out of a total 1,700 employees in France (2,100 worldwide). The employees concerned work mainly on the Airbus and Dassault Aviation assembly lines. Management wants to negotiate a 'collective performance' agreement to lighten the social plan (an agreement that allows for the reduction of certain social benefits or compensation elements in order to reduce the number of job cuts). For instance, the management mentioned the possibile elimination of the salary's 13th month and the loss of the transportation allowance or the 'meal allowance'. But this proposal divides the unions who argue this will make workers worse-off. This subsidiary of the Derichebourg group (36,000 people) employs 900 people in Blagnac (Haute-Garonne), the others notably in Saint-Nazaire (Loire-Atlantique) and Marseille (Bouches-du-Rhône). With the health and economic crisis, 43% of employees are in work (850 on short-time working) and management hopes to increase this figure to 55% in the coming months. Not more, however, because Airbus has reduced its production rates by a third and is going to internalise activities.
Eurofound (2020), Derichebourg Aeronautics Services, Internal restructuring in France, factsheet number 100729, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100729.