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 Basic Metals 24.52 - Casting of steel
462 jobs Number of planned job losses
83 jobs Number of planned job creations
Announcement Date
2 December 2020
Employment effect (start)
1 February 2021
Foreseen end date
Description
The high-performance casting parts manufacturer Aubert & Duval, a subsidiary of the Eramet Group, announced the loss of 462 jobs and the creation of 83 new positions. The reorganisation is linked to the COVID-19 crisis, which is hitting the aeronautics sector, but is also linked to a plan that has been underway for several months to take the company out of the Eramet Group's scope. The reorganisation provides for an adjustment of the workforce at the seven French sites. Out of a total of approximately 3,700 positions, the project involves cutting 462 and creating 83 others, that is a net loss of nearly 380 jobs.
Negotiations with the unions will take place until the first quarter of 2021 to reach an agreement on voluntary departures. The company is proposing 307 voluntary retirement measures and some 60 voluntary departures, according to a union source. In addition, 273 changes in job decriptions will be made, with changes in missions, or even jobs and working hours among those to be retained. Half of the jobs lost are in the Puy-de-Dôme. The company has a site there with 1,400 employees in Les Ancizes, of a size comparable to that of Pamiers, in Ariège.
Eurofound (2020), Aubert & Duval, Internal restructuring in France, factsheet number 102731, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102731.
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