After the Covid-19 health crisis, it was the economic consequences that hit France. Thursday on Europe 1, Hubert Mongon, president of the Union of industries and trades of metallurgy (UIMM) predicted a drop in activity of around 30 to 35%. Direct consequence: nearly 463,000 jobs could be destroyed in the industry by 2022. The month of March alone will have more consequences than the oil shock of 1974 or the financial crisis of 2008.
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An unprecedented drop in production
A study by PWC, an audit firm for the industrial world, reveals worrying and unprecedented figures since the Second World War for the first half. The entire industrial sector was affected. Production in the transport sector fell by almost 70% during containment, as did electronic equipment: -60%.
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French industry is the most impacted in Europe and the situation could drag on. Thus, it is in this sector that the most jobs should be destroyed by the crisis. Several sectoral aid plans such as that for aeronautics have been launched by the government. Partial unemployment measures are also created. The objective: to save this sector and try to limit layoffs as much as possible.