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 26.12 - Manufacture of loaded electronic boards
100 jobs Number of planned job losses
Announcement Date
21 December 2018
Employment effect (start)
1 January 2019
Foreseen end date
30 June 2019
Description
The Commercial Court of Versailles has ruled the liquidation of Viapaq, a company based in Rambouillet (Yvelines) that employs 100 people. It is the former research and development centre of the automotive equipment manufacturer Continental, specialising in electronic cars. Two companies had prepared takeover bids but did not submit them to the Commercial Court, forcing the latter to liquidate the company.
For the FO union, Varova's takeover of the company in 2014 was a way for Continental to dispose of the site without assuming the social consequences. 'There have been no investments in four years. Our production lines are obsolete and no longer productive enough', explains FO. On 7 January 2019, negotiations about the terms of the Employment Safeguard Plan will begin.
Sources
Citation
Eurofound (2018), Viapaq, Bankruptcy in France, factsheet number 96251, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96251.
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.
