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
148 jobs Number of planned job losses
Announcement Date
21 December 2006
Employment effect (start)
Foreseen end date
31 December 2008
Description
The CEO of Ascoforge-Safe announced on 21 December 2006 that the Ascoforge-Safe factory in the east of France (in Hagondange, Moselle) which manufactures forged steel parts for vehicles, is to cut 148 jobs before the end of 2008.
According to trade unions, the management of Ascoforge-Safe wants to save EUR 10 million in 2008 and to reach a business result equal to zero in 2008.
In 2006, Ascoforge-Safe Hagondange has a net cumulated loss of more than EUR 7.2 billion.
Ascoforge-Safe with five sites in France, is a subsidiary of Ascometal, an iron and steel company whose owner is the Italian Lucchini group.
Sources
19 December 2006: Les Echos
21 December 2006: AFP
Citation
Eurofound (2006), Ascoforge-Safe, Internal restructuring in France, factsheet number 64651, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64651.
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.
