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 Other Transport Equipment 30 - Manufacture of other transport equipment
New offshoring locations
France
500 - 1,000 jobs Number of planned job losses
Announcement Date
2 October 2008
Employment effect (start)
Foreseen end date
31 December 2011
Description
The aircraft company Latecoere announced a restructuring plan involving 1000 jobs cut in France as part of a cost-cutting strategy aiming to offshore these jobs towards low-cost countries. The plan involves a massive reduction of temporary contracts and subcontractors. This new wave of job cuts follows the non replacement of 200 short term contracts announced last summer.
The group has a workforce of 2200 employees in France and 1808 people abroad and is offshoring parts of its production to lower cost-countries (Czech Republic, Tunisia and Brazil for example) in order to stay competitive.
Eurofound (2008), Latecoere, Offshoring/Delocalisation in France, factsheet number 68763, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68763.
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