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 For Transport Equipment Manufacture Of Other Transport Equipment 30.30 - Manufacture Of Air And Spacecraft And Related Machinery
1,300 jobs Number of planned job losses
Announcement Date
5 March 2024
Employment effect (start)
5 March 2024
Foreseen end date
31 December 2025
Description
French aerospace and defense company Thales has announced that it will cut 1,300 jobs worldwide by the end of 2025.
So far, Thales has revealed that about 1,000 positions are expected to be cut in France. Thales-2024-FR The company declares that there will be no forced departures, and the conditions of the programme are negotiated with employee representatives according to local regulations. The restructuring programme will be carried out in the company’s space division Thales Alenia Space. The move is due to a drop in demand in the commercial telecommunications satellites sector.
Thales operates in 68 countries and employs about 77,000 people worldwide.
In 2023, Thales announced a global business expansion plan to hire 12,000 employees within that year Thales-2023-WO.
During 2022, Thales announced a global business expansion plan to hire 11000 employees within that year Thales-2022-WO.
During 2022 and 2023, restructuring plans announced by Thales were recorded in the ERM database for the Netherlands Thales-2023-NL, Italy Thales-2022-IT, France Thales-2022-FR and and Thales-2022a-FR and Romania Thales-2022-RO.
UPDATE 16/05/2024:
Thales Alenia has announced job cuts at its sites in Belgium. The company plans to cut up to 120 positions THALES ALENIA-2024-BE. According to local trade union officials, strikes and actions are expected at the facility in Charleroi. Trade unions are planning the necessary information and consultation rounds.
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.
