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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.33 - Manufacture of wiring devices
46 jobs Number of planned job losses
Announcement Date
18 December 2020
Employment effect (start)
1 January 2021
Foreseen end date
31 December 2021
Description
The Radiall group has announced 46 job cuts at its Château-Renault (Indre-et-Loire) factory, which is specialised in the manufacture of connectors for aircraft, radar and satellites. The employment safeguard plan (PSE) was presented to the staff representatives of its Château-Renault site, and then to all the employees. In total, 46 positions are to be cut in its aeronautical activity, that is 13% of the 350 employees employed on permanent contracts.
The site works mainly for the aeronautics industry. The management explains that all the analysts are in agreement in saying that the activity will only return to the 2019 level in 2025. This reorganisation is a direct consequence of the Covid-19 epidemic, when the sector's prospects were previously favourable.
The plant already cut about 100 positions of fixed-term contract and temporary workers since March 2020. Between July and November, 24 employees left the company in the framework of voluntary departures.
Eurofound (2020), Radiall, Internal restructuring in France, factsheet number 102946, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102946.
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