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.
Issoire, Gersat (Puy-de-Dôme), Besançon (Doubs), Cusset (Allier) and Etaples (Pas-de-Calais)
Sector
Utilities Water Supply; Sewerage, Waste Management And Remediation Activities Waste Collection, Treatment And Disposal Activities; Materials Recovery 38.32 - Recovery of sorted materials
121 jobs Number of planned job losses
Announcement Date
30 October 2009
Employment effect (start)
1 November 2009
Foreseen end date
1 November 2009
Description
Praxy, the new owner of the recycling company Bourbié, is to cut 121 out of 271 jobs. Praxy became the new owner of Bourbié after the commercial court of Clermont-Ferrand has announced that SAS Praxy Finances Group will buy the industrial waste recycling company Etablissements Bourbié. Praxy's restructuring plan envisages the loss of 105 jobs at the Issoire unit and 121 in total across the company. The CEO has announced that the employees affected will receive extra compensation.
The new owner intends to reinforce its presence in France by acquiring the five units located in Issoire, Gersat (Puy-de-Dôme), Besançon (Doubs), Cusset (Allier) and Etaples (Pas-de-Calais). The bankruptcy of Etablissements Bourbié was blamed on the global recession.
Eurofound (2009), Bourbié, Merger/Acquisition in France, factsheet number 69768, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69768.
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.
