/The five charts which weigh down the balance sheet of the productive recovery
The Five Charts Which Weigh Down The Balance Sheet Of

The five charts which weigh down the balance sheet of the productive recovery

Through a series of articles, francetv info looks at the action of this device. Despite the efforts of Arnaud Montebourg and his regional commissioners, business failures have intensified since 2013.

Arnaud Montebourg, April 22, 2014 in Brignais (Rhône-Alpes).  (PHILIPPE DESMAZES / AFP)

It is not only Alstom who occupies Arnaud Montebourg and his Ministry of Productive Recovery. In February 2014, 1,340 files for companies in difficulty were processed and 170,752 jobs saved, announced the Minister on his blog.

Deceptive figures, because they hide tens of other thousands of destroyed jobs, as francetv info explained last year. What is it really? Response elements in five graphs.

More and more business closures

With 63,101 bankruptcy filings, corporate insolvencies continue to rise, approaching the record level of 2009 (63,709), according to figures from the company Altares.

And the trend is not improving, since in the 1st quarter of 2014, they increased by 3.4% compared to 2013. Concretely, 16,446 companies were in default for the first quarter, and 62,800 jobs are at risk.

VSEs continue to drink

As in previous years, the vast majority of companies failing in 2013 were micro-enterprises without employees and very small enterprises (TPE), employing 1 to 9 people. They are directly affected by low household consumption (-1.2% in the first quarter of 2014), and generally by low growth.

On the other hand, small and medium-sized enterprises (SMEs) with 10 to 49 employees and, above all, those with more than 50 employees are doing much better. Their failures have never been so few since 2009.

Job destruction greater than creation

The record in terms of employment is black. We are used to following the unemployment curve, which is still struggling to reverse, but if we detail the creation and destruction of jobs, we realize that France is at a standstill. The former are decreasing, while the seconds keep increasing, according to an F / I / E-Kurt Salmon study. And unlike 2011, job creations fail to compensate for destruction.

But beware, the impact of measures taken by the government in terms of employment and training (jobs for the future, generation contract, etc.) and economic development (competitiveness pact) can only be assessed in 2015.

Services are also suffering

The closure of the PSA Aulnay site (Seine-Saint-Denis), and the difficulties encountered by the Doux group, symbolize a French industrial sector in great difficulty. It represents half of the job losses in 2013.

But this is not the only sector to drink: the share of jobs destroyed in 2013 in the services increases by 5 points, and should get even worse with in particular the buyouts between leaders of the telephony.

To report two sad records: 8,500 retail businesses and 5,700 restaurateurs filed for bankruptcy last year, victims of low household consumption.

Regional disparities

All regions are not in the same boat. With a 9.7% increase in the number of companies that have gone out of business compared to the start of 2013, the trend is heavy in Ile-de-France. Alsace is also in the red and shows the strongest degradation of all the regions with an increase of 27.8%.

On the other hand, regions such as Pays de Loire or Midi-Pyrénnées are in the green, driven by orders recorded by Chantiers de l’Atlantique in Saint-Nazaire, which promote jobs in subcontracting, as well as the aeronautical sector. in the Toulouse region. In blue on this map, you find the regions where business failures remain stable compared to 2013. In green, those where failures are less numerous.