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 the engineering and technology consulting company. AKKA Technologies has announced the cut of 1,150 positions out of a total workforce of 2,200 employees at its Blagnac site near Toulouse (Haute-Garonne). The 1,150 employees affected will no longer work for the AKKA group's main customers in the aeronautics sector (Airbus, Safran).
The group had chosen Blagnac to set up its global aeronautics centre in 2016, but this activity fell by 38% in the third quarter 2020. In parallel with an employment safeguard plan, negotiations have begun with the trade unions on an agreement on long-term partial activity to reduce the number of job cuts. The trade union asked for a plan without compulsory redundancies which the company agreed to.
Two previous recruitment announcements were recorded in 2010 (260 job creations) and in 2016 (1,800 job creations).
Eurofound (2020), Akka Technologies, Internal restructuring in France, factsheet number 102412, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102412.