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 Halgand has decided to implement an employment safeguard plan based on 89 job cuts. Halgand currently employs 260 employees on permanent contracts. The restructuring plan is justified by a significant drop in activity and a revision of contracts towards lower prices dueto the COVID-19 crisis. The positions likely to be eliminated have not yet been defined. Concurrently with the plan, the employees suffered their salaries' 13th month cut for the year 2020.
In 2019, despite the announced end of the A380 programme, Halgand benefited from the good health of the aeronautics sector, particularly Airbus. It announced the construction of a 2,000 m² extension, even envisaging a further expansion in the medium term.
Eurofound (2020), Halgand, Internal restructuring in France, factsheet number 101092, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101092.