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 26.40 - Manufacture of consumer electronics
100 jobs Number of planned job creations
Announcement Date
12 May 2022
Employment effect (start)
16 May 2022
Foreseen end date
31 December 2024
Description
French household appliance manufacturer Daan Tech plans to triple its workforce by 2024 by recruiting 100 employees. The company met success with the design of the Made in France mini dishwasher "Bob"- in 2021 35,000 units were sold. It wants to repeat this success with "Joe the oven", a multifunctional mini oven (microwave, oven, grill, steam and air fries) that could replace all appliances for a price below €500. The company has its main factory in Cugand (2,600 square meters) in the Vendée department, where the production line for the mini dishwasher is located, and it is going to build a new 5,000 square meters factory in Montaigu (Vendée) by the end of 2023. The production of the oven will be in both the plants.
Daan Tech currently employs 50 people in Cugand. The young company already has a turnover of €9.6 million in 2021 and is aiming for €50 million in 2024.
Eurofound (2022), Daan Technologies, Business expansion in France, factsheet number 106827, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106827.
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.
