EMCC European Monitoring Centre on Change

Satys

Company/Organisation:
Satys

Geographic Location

Country: France
Region: Haute-Garonne; Midi-Pyrénées; Sud-Ouest
Location of affected unit(s): Blagnac

Company

Sector: Construction
Construction
43.34 - Painting and glazing
Number Employed: 1000
Group: Satys Industries

Employment Effects

Announcement Date: 04-10-2021
Type of Restructuring: Business expansion
Employment Effect Start: 01-01-2022
Foreseen End Date: 31-12-2022
Planned Job Creation: 200

Additional Information

After carrying out a €40 million capital increase, the Satys group has announced the recruitment of 200 employees in 2022. Satys has announced a reorganisation into two separate entities: Satys Aerospace (painting of new aircraft and repainting) and Satys Interiors (design and renovation of aircraft interiors, trains, etc.).

With this capital increase, the group wants to consolidate its financial situation, which was damaged by the COVID-19 crisis, to carry out organic and external growth projects in France and Europe and to make industrial investments, mainly in France. The first signs of recovery are already visible in the forecasts, with the group's turnover expected to rise by 39% for the fourth quarter of 2021.

The Satys group operates in ten countries and employs 2,200 people, including 1,000 in France.

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