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 Motor Vehicles, Trailers And Semi-Trailers 29.32 - Manufacture Of Other Parts And Accessories For Motor Vehicles
450 jobs Number of planned job losses
Announcement Date
9 September 2024
Employment effect (start)
9 September 2024
Foreseen end date
30 June 2025
Description
French automotive supplier Delfingen has announced that it will cut 450 jobs worldwide.
The company plans to close its production site in Slovakia and reduce employment at its Mexican plant. Additionally, nine roles are expected to be cut at the Anteuil headquarters, France. The layoffs in France will mainly affect the products development centre. Delfingen roadmap also mentions gathering activities for Eastern Europe in Romania, launching textile production in China, and accelerating it in Honduras.
The restructuring programme began in the second half of 2024 and will continue into the first half of 2025. The programme is a response to the deteriorating situation in the automotive market and declining profitability. The company aims to enhance its financial and operational efficiency through these measures.
Founded in 1954, Delfingen is a global automotive supplier specialising in wiring solutions. The group has 41 locations in 21 countries worldwide and employs about 4,000 employees.
Sources
9 September 2024: Delfingen press release (delfingen.com)
Eurofound (2024), Delfingen, Internal restructuring in World, factsheet number 201761, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201761.
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.
