Safran

Type
Business expansion
Country
World
Region
Location of affected unit(s)
France, other locations
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30.3 - Manufacture of air and spacecraft and related machinery
30.3 - Manufacture of air and spacecraft and related machinery
12,000 jobs
Number of planned job creations
Job creation
Announcement Date
3 January 2022
Employment effect (start)
3 January 2022
Foreseen end date
31 December 2022

Description

French aeronautical equipment manufacturer Safran has announced that it will create 12,000 jobs globally in 2022. So far, about 3,000 positions are to be created in France. The grousp expects a recovery of air traffic in 2022, after the crisis in the aviation sector related to the COVID-19 pandemic. Safran is to increase its production capacity. Moreover, between 2021 and 2025, it plans to commit €4 billion ($4.62 billion) in research and technology.

Safran is the world's third largest aerospace contractor. Currently, the company has 351 units in 31 countries and employs more than 76,000 people worldwide.

In 2020, the group announced 3,512 jobs cut worldwide.

Citation

Eurofound (2022), Safran, Business expansion in World, factsheet number 106142, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106142.