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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
142 jobs Number of planned job losses
Announcement Date
7 August 2009
Employment effect (start)
1 September 2009
Foreseen end date
31 December 2009
Description
US oil and gas products and services provider Cameron International Corporation has announced that Cameron France SAS will cut by the end of December 2009 142 jobs out of 850 at its site in Beziers, southwestern France.
The measure is part of a restructuring plan on a worldwide scale aimed to cope with a 50% drop in orders since the beginning of the year caused by a decline in drilling activities.
The company´s management also reached an agreement with trade unions.
The firm said that Cameron France posted a revenue of EUR 850 million in 2008.
Cameron International Corporation, the world's 4th largest environment/waste management company by market capitalisation, is a provider of flow equipment products, systems and services to worldwide oil, gas and process industries.
Eurofound (2009), Cameron France, Internal restructuring in France, factsheet number 69367, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69367.
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.
