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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Leather And Related Products 15.12 - Manufacture of luggage, handbags and the like, saddlery and harness
500 jobs Number of planned job creations
Announcement Date
30 October 2017
Employment effect (start)
1 November 2017
Foreseen end date
1 January 2020
Description
In response to increasing demand, the luxury goods manufacturer, Hermes has announced its plans to recruit, from now to 2020, 500 employees for two new production sites. Hermes has decided to extend its site of Montereau-Fault-Yonne (Seine-et-Marne) and to create a new site in Saint-Vincent-de-Paul (Gironde). Each site will employ about 250 workers, mainly crafters for its leather goods activities. The company is trying to respond to a increase in demand for high-end goods by training leather workers and adding new sites. The company already expanded its production capabilities earlier this year in France.
Jobs creation announcements were recorded in May 2017 (250 job creations), and also back in 2011 (600 job creations). The company employs about 8,000 people in France and 13,000 worldwide.
Sources
30 October 2017: Les Echos
30 October 2017: Bloomberg
Citation
Eurofound (2017), Hermès, Business expansion in France, factsheet number 92407, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92407.
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.
