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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.51 - Manufacture of instruments and appliances for measuring, testing and navigation
1,000 jobs Number of planned job losses
Announcement Date
20 October 2020
Employment effect (start)
Foreseen end date
Description
Thales AVS, the Thales Group's aerospace subsidiary, has announced 1,000 job cuts in France, out of the 4,000 currently employed. The company is suffering 25% business losses due to the COVID-19 epidemic.
Negotiations have been opened with the trade unions and the management has indicated its willingness to adapt employment to avoid redundancies, favouring voluntary departures and recourse to long-term short-time working. In addition, a reclassification of employees to other, less weakened entities of the group has already begun. In Toulouse, for example, part of the engineering division was able to lend a hand to the Alena Space subsidiary. The other solutions negotiated will concern early retirement schemes, internal mobility or aid for business creation.
Eurofound (2020), Thales AVS France, Internal restructuring in France, factsheet number 102425, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102425.
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.
