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.
After the reorganisation announced by Airbus with 14,900 job cuts worldwide, its wholly-owned subsidiary Stelia aerospace, has announced 704 job cuts across the group's five sites in France - Rochefort (Charente-Maritime), Mérignac (Gironde), Colomiers (Haute-Garonne), Méaulte (Somme), Saint-Nazaire (Loire Atlantique). At Rochefort, 95 jobs are under threat, representing around 10% of the site's workforce. A period of negotiations between management and the unions will take place from 6 July to mid-September. The management of Stelia Aerospace believes that the plan should be settled by mid-2021. The group has 7,000 employees worldwide including 4,500 in France and 2,500 in North America, Tunisia and Morocco.
Eurofound (2020), Stelia Aerospace, Internal restructuring in France, factsheet number 101145, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101145.