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.
Safran Aerosystems, a subsidiary of the French multinational aerospace manufacturer Safran, is set to hire 50 new workers at its Cognac site.
This recruitment drive aligns with the expansion of the site, which includes an additional 12,000 m² of production space as part of a €15 million investment. The company aims to boost its growth by 25% by 2028 while also improving working conditions for its employees.
The site activities include civil (equipment for commercial aircraft fleets, maintenance cycles for civil airlines) and defence ones (manufacturing and repair of combat life saving equipment for military pilots and supplying equipment for military aircraft).
The European Restructuring Monitor (ERM) has recorded several restructuring initiatives by Safran, with the latest expansion hiring 300 employees in the Pyrénées-Atlantiques Safran Helicopter Engines 2023 - FR .
Eurofound (2024), Safran Aerosystems, Business expansion in France, factsheet number 201953, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201953.