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 Repair And Installation Of Machinery And Equipment Repair And Installation Of Machinery And Equipment 33.16 - Repair and maintenance of aircraft and spacecraft
270 - 310 jobs Number of planned job losses
Announcement Date
23 May 2012
Employment effect (start)
29 June 2012
Foreseen end date
31 December 2012
Description
The business aviation services company Jet Aviation announced a restructuring plan, which will result in the loss of 220 to 260 jobs from a total of 1,300 currently employed, and 50 positions of temporary workers. It is reported that the main reason for the reductions is a reduction of orders resulting from losing an important customer.
This new restructuring happens after a first restructuring entailing 300 job cuts (see fact sheet). The management decided then to increase the working time from 42,5 hours to 45 without salary increase.
Jet Aviation is a Swiss company owned by the American company General Dynamics which employ around 5,100 employees to be able to cater client needs from 25 airport facilities throughout Europe, the Middle East, Asia and North and South America. Around 60% of the employees working in the Basel-Mulhouse Airport site of the company are French workers (crossboader workers) while some 20% of them are from Germany.
Eurofound (2012), Jet Aviation, Internal restructuring in France, factsheet number 73640, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73640.
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.
