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 For Transport Equipment Manufacture Of Other Transport Equipment 30.30 - Manufacture of air and spacecraft and related machinery
500 jobs Number of planned job losses
Announcement Date
10 April 2019
Employment effect (start)
1 July 2019
Foreseen end date
31 December 2020
Description
Thales Alenia Space, a major player in the field of orbital infrastructure, announced to its central works council the loss of 500 jobs at the Cannes and Toulouse sites. These two sites, which complement each other in the manufacture of observation and telecommunications satellites, employ 2,000 and 2,500 employees respectively. The Cannes site would be the most affected, where a plan to reduce the number of employees affecting 150 positions is already under way.
Management is facing a period of slowdown in the optical observation and telecom markets in the space sector. It therefore has a problem of matching its workload to its staff.
Employees will have to wait until late April or early May for the end of negotiations with the social partners, to find out the details of the job cuts, which will initially be based on voluntary departures and non replavement of retiring employees.
Eurofound (2019), Thales Alenia Space, Internal restructuring in France, factsheet number 97627, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97627.
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.
