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 25.4 - Manufacture of weapons and ammunition
600 jobs Number of planned job creations
Announcement Date
10 March 2017
Employment effect (start)
1 January 2017
Foreseen end date
31 December 2017
Description
The European weapons manufacturer MBDA has announced major hiring plans in the EU to recruit 1,100 employees including 600 in France by the end of 2017 . MBDA has 10,000 employees including 4,300 in France. The announcement comes after MBDA won several major international contracts in 2015 for a total amount of € 5.2 billion. Hiring at EU level was recorded in 2015 with 550 job creations, but also a restructuring in France in 2011 with 300 job creations and 400 job cuts, and in 2005 with 270 job cuts. MBDA group, according to the press article, has recruited 4,000 people in the period 2013-2017: 600 in 2013, in 2014 and in 2015, 1,000 in 2016 and now 1,100.
Sources
10 March 2017: La Tribune
Citation
Eurofound (2017), MBDA, Business expansion in France, factsheet number 90557, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90557.
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