Serial layoffs, factory closures, massive lame reindustrialization project… Concerns are increasing in France, particularly in the automotive sector.
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It is a predicted catastrophe which contradicts the thunderous declarations ofEmmanuel Macron. In the fall of 2021, the Head of State launched the project France 2030, which aimed in particular to reindustrialize the country. Three years later, the lights are red.
The automotive sector, first of all, is hit hard. Friday November 8, the Minister of Industry Marc Ferracci once again sounded the alarm by announcing on the microphone of France Inter news “ site closures in the coming weeks and months “. The same day, he was heavily booed in Cholet (Maine-et-Loire), on one of the two sites of the tire giant Michelin which will go out of business. Chinese competition, declining sales and slow electrification have brought the sector to the ground.
Also readFrance: indignation of employees after the elimination of more than 3,600 positions at Michelin and Auchan
“ Businesses can no longer create jobs. It’s even the opposite, they destroy »
According to economist Marc Touati, inflation also played a role: “ Companies had to face an increase in production costs, with a drop in purchasing power which disrupted consumption. And the interest rates which have increased, and now the political crisis which has set in… There is a combination of developments which mean that companies can no longer, today, create jobs. It’s even the opposite, they destroy them, they lay off people. »
We are very, very far from the reindustrialization promised by Mr. Macron, Lemaire and so on. Unfortunately, the exact opposite is happening.
French industry in crisis: “In the sector, the recession has been here for two years”
Business failures have reached a record for twelve months in France: 66,000 in total, including many small businesses which are disappearing, which has serious consequences for employment. The State, for its part, must manage an adrift budget and can no longer come to the rescue. “ There was already a tax pressure which is the highest in the world. Things were going badly, almost no growth… So, now that we have increased taxes again, that we have growth that is collapsing and that we are on the verge of recession, that can’t get better », continues Marc Touati.
For the moment, the executive is holding back and announcing many resources and worthy solutions for laid-off employees.
Also readFrench industry: “We need a strategic plan if we don’t want a bloodbath in employment”