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.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
500 jobs Number of planned job creations
Announcement Date
8 December 2006
Employment effect (start)
24 September 2007
Foreseen end date
31 December 2007
Description
SEB, the French company that makes household appliances, announced on 8 December 2006 that it has signed an agreement to sell its factory in Vecoux (Vosges) to Modulex, the Canadian company that makes wood framed houses. There are plans to create about 500 jobs at Modulex between September and December 2007, including at least 200 that will be reserved for the previous employees of SEB who worked in the unit before it closed.
In January 2006, SEB closed down several business units as part of a reorganisation plan in response to the company's falling sales in France and the rest of Europe. The plan will be implemented until the end of 2008 and regards the loss of 890 job cuts.
Sources
11 December 2006: Les Echos
9 December 2006: Le Monde
5 December 2006: Les Echos
Citation
Eurofound (2006), Modulex, Business expansion in France, factsheet number 64561, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64561.
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.
