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 For Transport Equipment Manufacture Of Other Transport Equipment 30 - Manufacture of other transport equipment
New offshoring locations
141 jobs Number of planned job losses
Announcement Date
31 January 2007
Employment effect (start)
Foreseen end date
1 January 2010
Description
The Swedish group Grimaldi, owner Cycleurope, a manufacturer of bicycles located in Romilly sur Seine, announced on 31 January 2007 to the works council that 141 jobs will be cut before 1 January 2010. Cycleurope manufactures 360,000 bicycles per year and currently employs 347 people. The Swedish group Grimaldi also manufactures bicycles in China, where its activity is expected to increase due to their lower production costs. The trade unions are opposed to this decision.
Sources
16 January 2007: Usine Nouvelle
1 February 2007: Les Echos
Citation
Eurofound (2007), Cycleurope, Offshoring/Delocalisation in France, factsheet number 64854, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64854.
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.
