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 Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32.11 - Striking of coins
50 jobs Number of planned job losses
Announcement Date
29 May 2020
Employment effect (start)
1 June 2020
Foreseen end date
31 December 2021
Description
La Monnaie de Paris, a public establishment which, among other things, performs currency minting tasks, has announced to cut 50 positions out of a total of 500 by 2022. The establishment validated an updated version of the restructuring plan previously presented in October in the light of COVID-19 events. Some processes will undego digitalisation. The workforce is expected to decline by -10% by 2022, without a social plan. Turnover should fall by 15 to 20% this year and an economic loss comparable to 2019 is expected, despite good export orders.
The company employs 500 people for a turnover of €134 million. Its net losses in 2019 reached €9.6 million.
Eurofound (2020), La Monnaie de Paris, Internal restructuring in France, factsheet number 100791, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100791.
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.
