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 16.29 - Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
277 jobs Number of planned job losses
Announcement Date
20 July 2012
Employment effect (start)
17 September 2012
Foreseen end date
31 December 2012
Description
On 20th of July, the plywood manufacturer Plyrosol International announced the closure of its two sites and dismissal of its 182 employees. The site located in Fontenay-le-Comte (Vendée) employs 112 people and another one in Lisieux (Calvados) - 70 people.
The company was taken over by a Chinese company in 2009 and was placed in bankruptcy one year after. The Lebanese group Ghassan Bitar bought Plyrosol in October 2010.
The new management aims to transfer production and some of the employees to its plant of Epernay (Marne) over 2013 and to sell the two closed sites. The plan of the management has to be approved by the commercial court in September.
UPDTADE 10 September 2012: the Commercial Court of Lisieux has decided the liquidation of the company that employed 277 employees. Three sites will be closed: Lisieux, 70 employees ; Fontenay-le-Comte, 112 employees; and Epernay, 95 employees. The employees that will receive their dismissal letters want to pursue the activities in the framework of a cooperative. The have asked for the support from the state.
Eurofound (2012), Plysorol International, Closure in France, factsheet number 73918, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73918.
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.
