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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
560 jobs Number of planned job losses
Announcement Date
24 November 2005
Employment effect (start)
Foreseen end date
Description
Following a fall of its activity, the subsidiary of Thalès, Systèmes Aéroportés, will suppress 560 jobs at its three sites: Elancourt (Yvelines, 350 losses out of 2880), Brest (Finistère, 130 losses out of 1050), and Pessac (Gironde, 80 losses out of 920). The termination of large contracts, the increase of competition and the decrease of prices are reasons given for the restructuring.
Sources
25 November 2005: Les Echos
Citation
Eurofound (2005), Thalès Systèmes Aéroportés, Internal restructuring in France, factsheet number 62760, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62760.
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