The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Paris, Lyon, Marseille, Bordeaux, Toulouse, Lille, Montpellier, Nantes and Strasbourg
Sector
Real Estate Real Estate Activities Real Estate Activities 68.31 - Real estate agencies
1,000 jobs Number of planned job creations
Announcement Date
27 April 2020
Employment effect (start)
1 May 2020
Foreseen end date
Description
The digital real estate agency, Agence the Papa, has announced the recruitment of 1,000 employees to support its national development in nine of France's main cities: Paris, Lyon, Marseille, Bordeaux, Toulouse, Lille, Montpellier, Nantes and Strasbourg. Created in Nice in July 2019, the digital real estate agency is looking for commercial real estate agents and heads of commercial sector.
The future employees will be able to rely on the company's recent innovations: an all-in-one business platform and the implementation of the contactless mandate (the seller prepares a video to present the property to the buyer). The company digitises the real estate transaction process, breaking the codes of the real estate market and also its traditional pricing practices by offering a fixed commission of €2,000, regardless of the property put up for sale. Currently this market strategy has enabled Papa's Agencies to establish itself as the leader in low-cost commission in France.
Eurofound (2020), Agences de Papa, Business expansion in France, factsheet number 100604, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100604.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
