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 For Transport Equipment Manufacture Of Other Transport Equipment 30 - Manufacture of other transport equipment
150 jobs Number of planned job losses
Announcement Date
10 December 2004
Employment effect (start)
Foreseen end date
31 December 2007
Description
SPS (Snecma Propulsion Solide) subsidiary of the French spacecraft manufacturer Snecma, will cut 150 jobs before the end of 2007. Based in Haillan (Gironde), SPS focuses on manufacturing large solid rocket motors for aerospace applications and employs and large amount of technicians and engineers. The restructuring decision is mainly explained by the production of the M51 rocket coming to an end.
Sources
10 December 2004: Les Echos
Citation
Eurofound (2004), SPS (Snecma Propulsion Solide), Internal restructuring in France, factsheet number 60876, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60876.
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