Nexter

Type
Business expansion
Country
France
Region
Location of affected unit(s)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30.4 - Manufacture of military fighting vehicles
30.40 - Manufacture of military fighting vehicles
400 jobs
Number of planned job creations
Job creation
Announcement Date
6 February 2018
Employment effect (start)
6 February 2018
Foreseen end date
31 December 2018

Description

Nexter, the leading French land defense company, is planning a revenue growth in 2018 due to the increase in military spending decided by the government to modernise the French army. By 2020, Nexter is expected to reach around €1 billion against a low point of €866 million in 2016. The CEO announced the hiring of 400 people in 2018, additional to the 331 hired last year (140 recorded on the ERM Database).

Sources

  • 6 February 2018: Les Echos

Citation

Eurofound (2018), Nexter, Business expansion in France, factsheet number 93233, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93233.