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 29.3 - Manufacture of parts and accessories for motor vehicles
150 jobs Number of planned job creations
Announcement Date
11 September 2006
Employment effect (start)
2 October 2006
Foreseen end date
1 October 2009
Description
The American group Modern Engineering, a world specialist in the engineering of the industrial design and vehicles, announced on 11 September 2006 the creation of a new factory in Europe. Modern Engineering (1,200 employees in the whole group) intervenes in the design of components for the industrial vehicles and any type of 'travelling machine'. The CEO decided to create a factory in the east of France in Saint Jean Bonnefonds, Loire. In October 2006, this factory will be the only one of the group in Western Europe. In a first phase, between October 2006 and October 2009, Modern Engineering Métrotech will recruit 150 people. The company will receive 14,000 euro per new employee by the State and local autorities. Modern Engineering intends to recruit employees through research and training partnerships with engineering schools, like the School of the Mines of Saint-Etienne. Modern Engineering has eight factories in the US and in the last three years it has opened up establishments in China, India, Romania and Israel.
Sources
12 September 2006: Les Echos
2 September 2006: Le Progrès
13 September 2006: La Tribune
Citation
Eurofound (2006), Modern Engineering Métrotech, Business expansion in France, factsheet number 64050, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64050.
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.
