According to our information, a period of negotiation is opening with the unions, until the end of December. But the implementation of the plan will be rapid. A first wave of departures on a voluntary basis is currently planned for January and February. From March 2023, a period of forced departures will open, subject to conditions “dots” : seniority, family situation etc… The number of redundancies will therefore be known at this time. Management claims to want to move forward “in dialogue”.
This decision sounds like a blow to many local observers, after the company, supported by its parent company, the Japanese Nidec, which bought the group from the American Emerson in 2017, had announced an investment plan of 30 million euros, in May 2019, on its Charente sites (read below). Investments of modernization » and “optimization” which have all been carried out, would like to underline Laurent Barbaud. The fact remains that three years later, and implicitly in a world economy upset by successive crises, the discourse has been adjusted. With the announcement of a structural reorganization. In a press release, the company explains that it must “to safeguard its competitiveness in the industrial engine market (and) to return to positive economic results”. The project involves in particular “to reduce the level of fixed costs”the latter preventing “to develop in large volume markets” and “deploy long-term investments”. Clearly, the company is losing money, is not competitive in low-margin markets and must now be self-financing to ensure its future investments. For Laurent Barbaud, the very degraded financial health of the company also presided over this decision. “After several years of loss, the debt accumulated and we therefore had to react “, he unfolds. The international context has also come to upset the cogs: “The increase in the cost of raw materials, such as that of supply and logistics weighed on our results”, believes the leader. “Which also forces us to have a simpler and more rational organization”.
The objective of the reorganization is to have self-financing capacities for investments in innovation and modernization of its industrial tool”. In concrete terms, the planned organization would be based “on the pooling of resources, the modernization of tools, in particular IT and on the strengthening of a commercial dynamic already deployed on a global scale”. All the posts cut in Charente will be in the offices. On the side of the employees, a form of concern predominates: “As long as we do not have the exact titles of the positions concerned, we are very worried”says an employee.
The debt piled up and so we had to react