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 Chemicals And Chemical Products 20.42 - Manufacture of perfumes and toilet preparations
582 jobs Number of planned job losses
Announcement Date
7 October 2009
Employment effect (start)
1 December 2009
Foreseen end date
31 March 2010
Description
Marionnaud, Europe's largest luxury perfume and cosmetics retail chain, has announced the cut of 582 jobs between December 2009 and March 2010.
The company is owned by the Chinese company AS Watson. In October, employees demonstrated in Bordeaux, Grenoble, Paris, Rennes and Strasbourg against the original plan to cut 704 of its 4160 jobs in France. Negotiations with the company's works council resulted in maintaining 103 jobs and reducing the number of redundancies to 582. Although Marionnaud has received some 700 applications for voluntary departure, management has decided not accept all requests.
For the past three years, Marionnaud has been experiencing losses of €25 million annually.
Sources
8 October 2009: Le Monde
8 October 2009: Les Echos
8 October 2009: Le Progrès
Citation
Eurofound (2009), Marionnaud, Internal restructuring in France, factsheet number 69867, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69867.
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.
