Whose turn is it? Who will be next on the list of companies taking a knee? Or even both… Anyway, this Tuesday at the Ministry of Economy and Finance, the executive will try, with the unions, to save the GMD soldier, giant in terms of automobile subcontracting specializing in the stamping and production of aluminum (foundry) and plastic parts for the largest automobile manufacturers such as Renault and Stellantis and Porsche.
New collateral victim
A Group which employs 5,259 employees (end of 2023) worldwide, including 1,825 in France and generates nearly a billion euros in turnover ! But a group in the grip of major difficulties, collateral victim of an entire sector which is going badly, in particular because of the sudden slowdown in sales of electric vehicles in Europe in particular, and the relocation of production sites outside France. Thus, after Valeo, MA France (Seine-Sainte-Denis), Dumarey Powerglide (Bas-Rhin) or even Impériales Wheels (Indre), it is the turn of GMD to have to face an extremely delicate economic situation which worries its employees, some of whom demonstrated, with other colleagues, their dismay this Thursday at the entrance to the Paris Motor Show.
