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 Famat (Fabrications Mécaniques de l'Atlantique), an aeronautical subcontractor specialised in the manufacture of parts for civil and military aircraft engines, has announced that around a hundred employees who will retire between the end of 2020 and the end of 2022 will not be replaced. The company currently has 380 employees for a turnover of €125 million in 2018. The Famat was selected in the call for projects launched as part of the State financed aeronautical recovery plan. It will receive €1.042 million in support. Highly impacted by the consequences of the COVID-19 health crisis, the Famat is calling for long-term short-time working for some of its employees.
Eurofound (2020), FAMAT, Internal restructuring in France, factsheet number 102557, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102557.