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.
Construction Specialised Construction Activities Specialised Construction Activities 43.34 - Painting and glazing
200 jobs Number of planned job creations
Announcement Date
4 October 2021
Employment effect (start)
1 January 2022
Foreseen end date
31 December 2022
Description
After carrying out a €40 million capital increase, the Satys group has announced the recruitment of 200 employees in 2022. Satys has announced a reorganisation into two separate entities: Satys Aerospace (painting of new aircraft and repainting) and Satys Interiors (design and renovation of aircraft interiors, trains, etc.).
With this capital increase, the group wants to consolidate its financial situation, which was damaged by the COVID-19 crisis, to carry out organic and external growth projects in France and Europe and to make industrial investments, mainly in France. The first signs of recovery are already visible in the forecasts, with the group's turnover expected to rise by 39% for the fourth quarter of 2021.
The Satys group operates in ten countries and employs 2,200 people, including 1,000 in France.
Eurofound (2021), Satys, Business expansion in France, factsheet number 105361, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105361.
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.
