Since the Covid-19 pandemic, the employment sector has been doing very poorly. Moreover, several groups have already announced social plans aimed at eliminating thousands of jobs, this is particularly the case for Auchan and Michelin. In the coming weeks, other companies could also be forced to let go of many employees. At the CGT, we are talking about the elimination of 150,000 jobs.
The Michelin group announced bad news for its employees. In fact, the group has decided to close two of its factories by 2026 at the latest. These are the Vannes and Cholet industries, which represent a significant cost for the brand. Auchan also announced the elimination of around 2,400 job positions. This approach concerns many stores and other points of sale throughout France.
After Auchan and Michelin, other companies should also let go of many employees to save money. On November 9, during a speech on France Inter, Marc Ferracci, Minister Delegate for Industry of France, indicated that thousands of jobs will soon be destroyed. “Chemicals, the automotive sector, in particular equipment manufacturers, and metallurgy are sectors subject to very strong international competition,” explained the minister.
Still according to Marc Ferracci, there should be “announcements of site closures probably in the coming weeks and months”. On the CGT side, the alarm bells have been ringing for several weeks. Already in October, the organization identified around 180 social plans across the country for the year 2024 alone. According to the general secretary of the CGT, Sophie Binet, “More than 150,000 jobs will disappear, probably more,” she warns.
The automotive sector will experience job cuts from January
As indicated by the Minister Delegate for Industry, the automobile sector is one of the most vulnerable. In fact, around 66,000 business failures have been recorded in this sector alone. It must be said, since the Covid-19 pandemic, automobile manufacturers have had great difficulty selling off their stocks, largely due to the decline in demand.
Since the start of the current year, sales in the automobile sector have fallen by 11%. Moreover, to deal with this crisis, the giant Stellantis has already announced a social plan for next year. In fact, the group has announced that 250 temporary positions working in its Rennes factory will be eliminated from next January.
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