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
160 jobs Number of planned job losses
Announcement Date
21 September 2020
Employment effect (start)
1 April 2021
Foreseen end date
31 December 2021
Description
The management of Collins Aerospace, a company specialised in the production of aeronautical parts (notably parts for the Airbus A320), announced a reorganisation project and 150 job cuts. Collins Aerospace (formerly ‘UTC Aerospace Systems’) is to cut jobs at two sites, at Saint-Ouen-l'Aumône (Val d'Oise, 85 job cuts out of 500 employees and Saint-Marcel near Vernon (Eure, 75 job cuts out of 454 employees). The job cuts should take place between April and December 2021.
The employees' representatives are now advocating a diversification of activities that might make it possible to maintain employment. Management justifies its decision, partly because of the crisis at COVID-19 (which is reducing profits by €16 to €10 million). However, if COVID-19 has exacerbated the difficulties, the director of the Saint-Ouen-l'Aumône and Vernon sites states that there was already a need to restructure the company's activities.
Eurofound (2020), Collins Aerospace, Internal restructuring in France, factsheet number 101894, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101894.
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