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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.30 - Manufacture of air and spacecraft and related machinery
90 jobs Number of planned job losses
Announcement Date
9 September 2020
Employment effect (start)
15 October 2020
Foreseen end date
Description
Sphere, the former Airbus subsidiary, which became independent in 2014, is facing a 25-30% drop in business. The management has presented an employment safeguard plan (PSE) with 90 job cuts and the closure of the Elancourt site in the Parisian region (Yvelines). The PSE announced that the works council of Spherea Test & Services, a subsidiary of Spherea, provides 90 job cuts out of the 387 employees employed on permanent contracts, including 261 in Toulouse and 126 in Elancourt. Sphere is one of the world leaders in test benches for aeronautical equipment.
Sources
Citation
Eurofound (2020), Spherea, Closure in France, factsheet number 101795, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101795.
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