Reims Aerospace

Type
Merger/Acquisition
Country
France
Region
Grand Est; Champagne-Ardenne; Marne
Location of affected unit(s)
Reims
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30 - Manufacture of other transport equipment
30 - Manufacture of other transport equipment
116 jobs
Number of planned job losses
Job loss
Announcement Date
17 March 2011
Employment effect (start)
28 March 2011
Foreseen end date
31 December 2011

Description

On 17 March 2011, the Commercial court of Reims approved the take over of Reims Aérospace by Novaé Technology and the plan for 116 job cuts. The company is an important competitor of within the aerospace sector. 

Sources

Citation

Eurofound (2011), Reims Aerospace, Merger/Acquisition in France, factsheet number 71778, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71778.