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.
Transportation / Storage Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49.41 - Freight transport by road
European Globalisation Fund (EGF)
Year: 2014, Case number: 17
2,850 jobs Number of planned job losses
Announcement Date
6 February 2014
Employment effect (start)
17 February 2014
Foreseen end date
Description
Arcole Industries is to take over freight transport and express services company Mory Ducros, where 2,850 jobs will be cut. This plan was approved by Pontoise commercial court. After the takeover, a mere 2,210 of 5,000 staff and 50 of 85 agencies at Mory Ducros’ will be remaining.
Arcole Industries has signed an agreement with unions on the social impact of its takeover after a few weeks of negotiations. The group increased its previous budget to finance the social plan from EUR 21 to 30 million.
Additionally, the government has launched an exceptional device to help dismissed employees, starting by the end of February. As part of this scheme, dismissed employees will be supported by an adviser until being re-employed, and they will receive financial support to maintain their former salary level up to one year.
Mory Ducros had emerged from Mory Team and Ducros Express in late 2012. The ERM reported on a restructuring at Ducros Express in early 2011, to lead to the cut of about 450 jobs.
Sources
6 February 2014: Le Mode
6 February 2014: Les Echos
Citation
Eurofound (2014), Mory Ducros, Merger/Acquisition in France, factsheet number 76579, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76579.
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.
