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 - Manufacture of fabricated metal products, except machinery and equipment
113 jobs Number of planned job losses
Announcement Date
23 February 2004
Employment effect (start)
Foreseen end date
Description
Thales Daimler Aerospace (TDA), weapon manufacturer, has announced a restructuring programme aiming at preserving competitiveness that will see the redundancy of 113 of its 460 employees. There will be 92 direct dismissals and 21 pension schemes. Unions express concerns as to the continuing of industrial activity in the region as the company is consistently reducing the number of its employees (it employed 1,800 workers in the 80's). They are also urging local authorities to develop a regional plan for employment. Giat Industries, active in the same sector, recently restructured its activities in the same region.
Sources
23 February 2004: Les Echos
Citation
Eurofound (2004), Thales Daimler Aerospace (TDA), Internal restructuring in France, factsheet number 59727, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59727.
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