MMT-B

Type
Internal restructuring
Country
France
Region
Nouvelle-Aquitaine; Aquitaine; Gironde
Location of affected unit(s)
Blanquefort
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.32 - Manufacture of other parts and accessories for motor vehicles
230 jobs
Number of planned job losses
Job loss
Announcement Date
28 February 2025
Employment effect (start)
13 March 2025
Foreseen end date
31 December 2025

Description

MMT-B, a gearbox manufacturer, owned by the German investment fund Mutares, is cutting 230 jobs from its 430 total workforce in Blanquefort (Gironde) by mid-March.

The restructuring is driven by a significant decline in projected demand for manual gearboxes for thermal vehicles in 2026, largely due to reduced orders from its main client, Ford. Additionally, one of its key suppliers was recently placed under legal redress.

Initially, management will propose a voluntary departure plan, which is set to be presented on March 13. The internal restructuring is expected to continue until the end of the year.

Sources

Citation

Eurofound (2025), MMT-B, Internal restructuring in France, factsheet number 202427, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202427.