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.
Wales; West Wales and The Valleys; South West Wales
Location of affected unit(s)
Talbot Green
Sector
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.42 - Manufacture of perfumes and toilet preparations
200 jobs Number of planned job losses
Announcement Date
24 October 2008
Employment effect (start)
Foreseen end date
Description
L’Oreal, a company that produces cosmetics, has announced that it is to cut 200 of its 260 production staff at its plant in Talbot Green, near Llantrisant in Rhondda Cynon Taf. The company has stated that the job losses are not as a result of the economic downturn, but instead as a result of the high transport costs of importing raw materials and exporting finished goods. The company intends to sell the factory to another company, Fareva, who make products for L’Oreal and intend to retain sixty staff. As of 26 October 2008, the company has not stated when these jobs will be cut.
Sources
24 October 2008: BBC News
Citation
Eurofound (2008), L'Oreal, Internal restructuring in United Kingdom, factsheet number 67277, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67277.
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.
