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 For Transport Equipment Manufacture Of Other Transport Equipment 30.2 - Manufacture of railway locomotives and rolling stock
131 jobs Number of planned job losses
Announcement Date
25 July 2014
Employment effect (start)
1 August 2014
Foreseen end date
31 October 2014
Description
The Commercial court of Poitiers (Vienne) has agreed the take over of the railways material supplier CEIT by the group Barat. The new owner will keep 83 employees and will cut 131 jobs. CEIT was placed in receirvership since April 2014.
As reporetd, the union CGT explained that the take over is the consequence of decisions taken by the group Alstom that prefers to work with suppliers in countries with lower salary costs.
Sources
25 July 2014: Le Figaro
Citation
Eurofound (2014), CEIT, Merger/Acquisition in France, factsheet number 77429, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77429.
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.
