Restructuring events
European Restructuring Monitor (ERM)
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.
SPS (Snecma Propulsion Solide) subsidiary of the French spacecraft manufacturer Snecma, will cut 150 jobs before the end of 2007. Based in Haillan (Gironde), SPS focuses on manufacturing large solid rocket motors for aerospace applications and employs and large amount of technicians and engineers. The restructuring decision is mainly explained by the production of the M51 rocket coming to an end.
Eurofound (2004), SPS (Snecma Propulsion Solide), Internal restructuring in France, factsheet number 60876, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60876.