Safran, the world’s third-largest aerospace supplier, is reducing its workforce in Mexico by 3,000 as the French company tries to deal with the fallout of the COVID-19 pandemic.
Safran has two plants at Queretaro, Mexico, an industrial city which has become a hub for global manufacturing supply chains with a proliferation of export-focused factories. Safran currently has over 13,000 employees working in Mexico.
“We face a sharp drop in customer orders,” a Safran spokeswoman told Reuters. “Unfortunately, this situation is affecting our business and we must take steps to adapt to clients’ requests. One of these steps is a reduction of the workload.”
Safran began notifying employees of its intentions as of the third week of April. “This tough step is proposed in order to preserve the longer-term existence of Safran in Mexico and to protect more than 10,000 jobs still active in the country,” the spokeswoman said.
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