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 branch of the Sogeclair consulting firm plans to cut up to 245 jobs in France. The company, which has been hit hard by the Covid-19 health crisis, estimates that the turbulence in the commercial aviation sector could last between 3 and 5 years. Sogeclair carries out 40% of its activity in this segment. The measure could be accompanied by job cuts in the German, British and Spanish subsidiaries. The Sogeclair group employs 1600 people worldwide, including 1,000 in its aeronautical branch (of which an estimated 700 in France).
Eurofound (2020), Sogeclair Aerospace, Internal restructuring in France, factsheet number 101104, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101104.