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 30.30 - Manufacture of air and spacecraft and related machinery
605 - 1,700 jobs Number of planned job losses
Announcement Date
9 December 2013
Employment effect (start)
1 July 2014
Foreseen end date
31 December 2016
Description
The European Aeronautic Defence and Space Company (EADS) is to cut up to 1,700 jobs in in France by the end of 2016.
As announced, the plan will affect the company sites at Montmorency (Paris), Suresnes, Elancourt and Les Mureaux.
According to the sources, the management aims at implementing the cuts mainly through voluntary measures and internal redeployment. In France, about 300 positions could however be cut directly.
Negotiations with trade unions are to last until mid-2014.
Updated, 29-01-2014:
According to the management, four French sites are affected by the restructuring: 411 positions will be cut in Elancourt (Cassidian), 396 in Toulouse (Astrium), 309 in Mureaux (Astrium) and 213 in Saint-Médard (Astrium). Other sites will be affected as the offices in Paris. As previously announced, the total job cuts will affect 1,700 positions.
Updated, 06-05-2014: As reported the restructuring plan was revised and the final number of the job cuts is 605.
Sources
29 January 2014: Air Journal
9 December 2013: EADS (Press release)
11 December 2013: Les Echos
10 December 2013: Les Echos
Citation
Eurofound (2013), European Aeronautic Defence and Space Company (EADS), Internal restructuring in France, factsheet number 76319, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76319.
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