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.
Professional Services Market Research And Advertising Services Advertising And Market Research 73 - Advertising and market research
1,000 jobs Number of planned job losses
100 jobs Number of planned job creations
Announcement Date
13 February 2018
Employment effect (start)
1 May 2018
Foreseen end date
31 December 2019
Description
SoLocal Group, specialised in local digital communication through its major brands PagesJaunes, Mappy and Ooreka, has announced a 1,000 positions cut, which represents about 23% of its workforce. By the end of 2019, approximately 1,000 positions will be lost out of a total of 4,400. The employment safeguard plan includes a voluntary phase, followed by forced dismissals if there are not enough voluntary departures. About 800 people are expected to leave the company this year, according to SoLocal, which plans to recruit a hundred people over the same period. 300 departures are expected in 2019.
Job cuts mainly affect sales teams (just under half of positions), marketing (15%) and management (15%). The 'key accounts' teams will be strengthened. The 23 existing sites will be merged into four hubs: Bordeaux, Rennes, Lille and Lyon. As a result, the impact on employment will be significant for small agencies employing 5 to 10 people.
Sources
13 February 2018: Le Monde
13 February 2018: Les Echos
Citation
Eurofound (2018), SoLocal, Internal restructuring in France, factsheet number 93258, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93258.
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.
