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 Electrical Equipment 27 - Manufacture of electrical equipment
New offshoring locations
223 jobs Number of planned job losses
Announcement Date
2 February 2004
Employment effect (start)
Foreseen end date
1 May 2004
Description
Sediver, specialised in the manufacture of electric insulators, has announced the closure of its Saint-Yorre site, following the building of a factory in China. The closure will make 286 people redundant. These redundancies add up in the Vichy region to the job losses following the restructuring of Giat. Local authorities have decided to engage in 'a judiciary battle'. In April 2004, the workers' representatives were trying to find a take over bid themselves and appealed to diverse political authorities in order to save the company. In February 2005, the Tribunal refused to accept the restructuring measures. Finally, the industrial tribunal ordered Sediver to reinstate 63 workers out of the 286 redundancies.
Sources
28 February 2005: La Tribune
13 April 2005: Les Echos
2 February 2004: Les Echos
4 February 2004: Les Echos
Citation
Eurofound (2004), Sediver, Offshoring/Delocalisation in France, factsheet number 59571, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59571.
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.
