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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31.0 - Manufacture of furniture
106 jobs Number of planned job losses
Announcement Date
21 November 2018
Employment effect (start)
26 November 2018
Foreseen end date
31 December 2018
Description
The Commercial Court of Lyon has decided the liquidation of the furniture manufacturer Grange located at Saint-Symphorien-sur-Coise (Rhone): 106 employees and workers will be dismissed. The court did not receive a sufficiently strong takeover bid. The shareholder, the American group Middleby, has opened a negotiation on the dismissal allowance to be paid to employees, which foresees a compensation amount beyond the minimum amount provided by law. Employees claim €700 per year of seniority. The closure of the company would be accompanied by the establishment of a dedicated external redeployment unit.
The company was created in 1904. Despite the financial support of local authorities, in ten years, its turnover was divided by four and decreased to €12 million in 2017 for losses greater than €15 million. Grange employs 176 employees, 106 in France and 70 abroad. About sixty employees worked in Saint-Symphorien-sur-Coise, the remaining employees worked in a factory (20 employees) at Saint-Pierre (Jura) and in 5 shops in Bordeaux, Lyon and Paris.
Sources
Citation
Eurofound (2018), Grange, Bankruptcy in France, factsheet number 95854, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95854.
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.
