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 management of Mecafi, the French-based producer of parts for aeronautics, has announced a reorganisation plan providing for 242 job cuts at the Châtellerault (Vienne) plant.
These job cuts represent almost half of the company's workforce, which currently employs 500 people. The management explains its decision by the crisis that invested Boeing since March 2019, combined with the COVID-19 pandemic, which has led to a total halt in the production of aircraft engines in France and abroad.
The company declared to rely, in order to cushion the effects of the crisis on the workforce, on the utilisation of short-time work and on the redeployment of employees in other establishments of the group.
Mecafi is specialised in the manufacture of complex parts for aeronautics and especially composite material blades for the Leap, the latest generation aircraft engine from the French firm Safran Aircraft Engines. It belongs from July 2018 by the Nexteam group based in Marmande (Lot-et-Garonne).
Eurofound (2020), Mecafi, Internal restructuring in France, factsheet number 101401, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101401.