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Daher forced to restructure to survive the crisis

2020-06-25T21:44:39.191Z

The aeronautical equipment supplier will close a factory in the Loire Valley and cut more than 2,000 jobs.The Covid-19 crisis shattered Daher's growth in mid-air. The equipment supplier, partner of Airbus, Boeing or Dassault Aviation, and manufacturer of small aircraft TBM in France and Kodiak in the United States, is fighting for its survival. Its load plan collapsed by 55% in the wake of the rate reductions announced in April by Airbus, for which it provides the A350, A330 and A320 programs. Its ac...



The Covid-19 crisis shattered Daher's growth in mid-air. The equipment supplier, partner of Airbus, Boeing or Dassault Aviation, and manufacturer of small aircraft TBM in France and Kodiak in the United States, is fighting for its survival. Its load plan collapsed by 55% in the wake of the rate reductions announced in April by Airbus, for which it provides the A350, A330 and A320 programs.

Its activity should remain down from 35 to 40% for another two to three years. In 2020, the impact of the crisis will result in a loss of revenue of 300 to 400 million euros (compared to the 1.3 billion expected) and an operational deficit of 80 to 100 million. "It is the first time in twenty-five years that Daher will be at a loss," said Didier Kayat, managing director of the family group born in 1863.

It is the first time in twenty-five years that Daher has lost.

Didier Kayat, CEO of the group

Hence a triple emergency: securing finances, reconfiguring industrial facilities and giving ourselves the means to rebound as soon as the crisis comes out. After four months of "rich" social dialogue

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Source: lefigaro

All business articles on 2020-06-25

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