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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
300 jobs Number of planned job losses
Announcement Date
24 April 2007
Employment effect (start)
2 May 2007
Foreseen end date
30 June 2008
Description
Fnac, the French retailer of cultural and consumer electronics products, announced on 24 April 2007 a restructuring plan that will lead to the loss of 300 administrative jobs in France between May 2007 and June 2008. On average, four or five jobs will be cut at each of Fnac's 73 stores across the country. The CEO of the company announced that it intends to modernise and centralise its administrative services. About 100 administrative staff will be redeployed in the company's stores and a further 30 at a site in Paris (Massy in the Essonne department). The plan affects staff across all FNAC stores, which currently employ about 8,000 people in France. Employee representatives reacted immediately by calling a strike on 4 May 2007. At the same time, the company's management said it is planning to create 3,000 jobs over the next years due to the opening of several new shops.
Sources
26 April 2007: Ouest France
26 April 2007: Le Monde
27 April 2007: Le Figaro
26 April 2007: La Croix
Citation
Eurofound (2007), FNAC, Internal restructuring in France, factsheet number 65277, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65277.
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.
