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 Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
330 - 471 jobs Number of planned job losses
106 jobs Number of planned job creations
Announcement Date
1 April 2008
Employment effect (start)
1 May 2008
Foreseen end date
31 December 2012
Description
The French pharmaceuticals group Sanofi-Aventis has announced that it is to cut up to 471 jobs (between the half of the total employees and 471 jobs according to the unions and the direction) at its production plant in the French city of Vitry-sur-Seine (south-east of Paris) in order to turn the site into a biotech manufacturing facility specialized in cellular therapy. The site will, however, retain the production of antineoplastic. The Group will invest 100 million-euro in this project, and some employees affected should avail of early retirement, or internal redeployment.
This restructuring, the biggest since the merger in 2004, will last until 2012 and relocate the production of drugs to the group’s other manufacturing outposts in France, Germany and Italy. Moreover, if the management foresees some job creation (about 106) within the new site, there will also be the loss of some 300 jobs among subcontractors.
Sources
1 April 2008: Le Figaro
2 April 2008: Libération
1 April 2008: Les Echos
2 April 2008: Le Monde
Citation
Eurofound (2008), Sanofi-Aventis, Internal restructuring in France, factsheet number 66470, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66470.
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.
