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 For Transport Equipment Manufacture Of Other Transport Equipment 30.30 - Manufacture of air and spacecraft and related machinery
3,512 jobs Number of planned job losses
Announcement Date
2 June 2020
Employment effect (start)
1 May 2020
Foreseen end date
31 December 2020
Description
The aeronautical equipment manufacturer Safran has been hit hard by the crisis in the aviation sector linked to COVID-19 and has announced job cuts across the world. The group announced 3,000 job cuts in Mexico in May 2020. It cuts 250 temporary staff positions in France and announced job cuts in Europe at a European works council meeting on 2 June. According to the EWC secretary, between 200 and 300 jobs would be cut in Poland, and at least 62 job cuts were announced in the UK, where further job cuts are expected. Employment in France is still being preserved with massive recourse to short-time working.
As the company's strategy is to focus on the national level, announcements will be made as workforce adjustment plans are developed in each country.
Eurofound (2020), Safran, Internal restructuring in World, factsheet number 100811, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100811.
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.
