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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.32 - Manufacture Of Other Parts And Accessories For Motor Vehicles
230 jobs Number of planned job losses
Announcement Date
28 February 2025
Employment effect (start)
13 March 2025
Foreseen end date
31 December 2025
Description
MMT-B, a gearbox manufacturer, owned by the German investment fund Mutares, is cutting 230 jobs from its 430 total workforce in Blanquefort (Gironde) by mid-March.
The restructuring is driven by a significant decline in projected demand for manual gearboxes for thermal vehicles in 2026, largely due to reduced orders from its main client, Ford. Additionally, one of its key suppliers was recently placed under legal redress.
Initially, management will propose a voluntary departure plan, which is set to be presented on March 13. The internal restructuring is expected to continue until the end of the year.
Eurofound (2025), MMT-B, Internal restructuring in France, factsheet number 202427, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202427.
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