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 30.30 - Manufacture of air and spacecraft and related machinery
135 jobs Number of planned job creations
Announcement Date
25 October 2017
Employment effect (start)
29 October 2017
Foreseen end date
31 October 2021
Description
Airfoils Advanced Solutions, a joint venture created between Safran Aircraft Engines and AFI KLM E&M, has announced the recruitment of 135 workers over the next 4 years at its new aircraft engine component repair facility in Sars-et-Rosières (Nord), near Valenciennes.
The activity is currently based in Asia and it will be relocated to nothern France near the two main hubs of airlines companies Air France (Roissy-Charles-De--Gaulle) and KLM (Amsterdam). The new company's plant will be completed in early 2018, with operations due to kick off late 2018. By the time the Airfoils Advanced Solutions plant reaches cruise speed in 2020, it will have from 200 to 250 employees. The implementation of the new plant is supported by local authorities that participated in up to 10% of the total investment (Haut-de-France region provided a subsidy of €673,000).
Airfoils Advanced Solutions will repair high-pressure compressor blades and variable stator vanes, focusing on the CFM International CFM56 engines powering the Airbus A320 and Boeing 737, GE's GE90 engines powering the Boeing 777, and the Engine Alliance GP7200 for the Airbus A380 super-jumbo.
Sources
12 June 2017: Safran (press release)
24 October 2017: La Voix du Nord
Citation
Eurofound (2017), Airfoils Advanced Solutions, Business expansion in France, factsheet number 92367, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92367.
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.
