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.
Transportation / Storage Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49.31 - Urban and suburban passenger land transport
102 jobs Number of planned job losses
108 jobs Number of planned job creations
Announcement Date
12 November 2018
Employment effect (start)
1 January 2019
Foreseen end date
30 June 2018
Description
The management of Ouibus, a long-distance buses subsidiary of the national railway company SNCF that is going to be taken over by Blablacar, has announced an employment safeguard plan to cut 102 positions on a total workforce of 230 employees. The European leader in carpooling Blablacar has entered into exclusive negotiations with SNCF for the acquisition of 100% of Ouibus. BlablaCar will acquire all the assets and management of SNCF's long-distance bus service, which has been in a serious deficit since its creation. Ouibus lost €35 million in 2017 and is expected to report another loss this year that could be around €25 million.
The staff, mainly drivers, should be reemployed within the SNCF group and its subsidiaries, according to the management. But the unions point out that the wages proposed as part of the deal to reemployed employees would be well below the current level. Employees could therefore refuse reclassification and be dismissed.
Sources
Citation
Eurofound (2018), Ouibus, Merger/Acquisition in France, factsheet number 95861, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95861.
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.
