Thales AVS, the Thales Group's aerospace subsidiary, has announced 1,000 job cuts in France, out of the 4,000 currently employed. The company is suffering 25% business losses due to the COVID-19 epidemic.
Negotiations have been opened with the trade unions and the management has indicated its willingness to adapt employment to avoid redundancies, favouring voluntary departures and recourse to long-term short-time working. In addition, a reclassification of employees to other, less weakened entities of the group has already begun. In Toulouse, for example, part of the engineering division was able to lend a hand to the Alena Space subsidiary. The other solutions negotiated will concern early retirement schemes, internal mobility or aid for business creation.