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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.30 - Manufacture of communication equipment
150 jobs Number of planned job losses
Announcement Date
9 January 2017
Employment effect (start)
1 March 2017
Foreseen end date
31 December 2017
Description
The French group Parrot plans to reorganise its activities in its drones branch for the consumer market by reducing its workforce by nearly 30%. The group plans to cut 290 positions on a total of 840 employees, including 150 job cuts in France. The reductions would target staff mainly in the areas of R&D, marketing, purchasing and support functions. The group's action plan aims "to concentrate innovation capacity on a reduced number of new products and refocus marketing and sales resources on the most profitable distribution channels and the most promising markets". Parrot reached a turnover of €85 million in the last quarter 2016 against €100 million expected.
Sources
9 January 2017: Les Echos
Citation
Eurofound (2017), Parrot, Internal restructuring in France, factsheet number 89826, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89826.
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