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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.11 - Manufacture of electronic components
50 - 70 jobs Number of planned job losses
Announcement Date
22 March 2018
Employment effect (start)
1 June 2018
Foreseen end date
31 December 2018
Description
The management of Photonis, specialist in night vision, notified its works council about 50 job cuts in the context of voluntary departures in the form of negotiated termination and the non-renewal of 20 temporary workers positions. The management also wants to implement an annualization of working time, the reason given for this plan is that the company needs to to refocus on its "high added-value core business".
Eurofound (2018), Photonis France, Internal restructuring in France, factsheet number 93633, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93633.
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.
