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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14 - Manufacture of wearing apparel
2,000 jobs Number of planned job creations
Announcement Date
22 November 2021
Employment effect (start)
1 December 2021
Foreseen end date
31 December 2024
Description
The French luxury brands holding LVMH announced a plan to hire around 2,000 workers in Italy by the end of 2024.
The plan takes place under the group's Metiers d'Excellence programme, which has the goal of safeguarding skills in the sectors related to the production of luxury goods.
In Italy the group is present in various industrial districts with 30 production sites. The companies belonging to the group collaborate with over 5,000 suppliers and over 100,000 people employed in related industries.
Eurofound (2021), LVMH, Business expansion in Italy, factsheet number 105733, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105733.
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.
