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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.41 - Precious Metals Production
100 jobs Number of planned job creations
Announcement Date
6 December 2023
Employment effect (start)
5 December 2023
Foreseen end date
Description
LVMH, the world leader in luxury product manufacturing, has inaugurated a new jewelry production center. This facility will staff around one hundred employees, comprised of both new recruits and personnel relocated from other sites. The exact ratio of new hires to transfers within this workforce composition has not been specified, illustrating LVMH's strategy of blending fresh talent with experienced staff from its existing network.
In a distinct financial reshaping for LVMH in the year's initial three-quarters, the conglomerate witnessed its sales surge to €62.2 billion, a marked increase from last year's €56.4 billion during the same span. This uplift manifested in a 10% rise in reported revenues, bolstered by a 14% organic growth.
The company made another job expansion in recent period LVMH 2023 - IT.
Eurofound (2023), LVMH, Business expansion in Italy, factsheet number 200634, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200634.
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.
