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 Air Transport 51.10 - Passenger air transport
800 jobs Number of planned job losses
Announcement Date
27 September 2019
Employment effect (start)
1 October 2019
Foreseen end date
31 October 2019
Description
The Commercial Court of Evry has ordered the judicial liquidation of Air Azur, France's second largest airline company specialising mainly in flights between France and Algeria, a total of 800 employees will be dismissed in France.
Four takeover bids were submitted for the airline on the deadline of 18 September at midnight, but the most serious offers, those of Air France and the Dubreuil group, have been withdrawn; mainly because of the two companies' concerns about Air Azur's social debt and the social risks associated with the takeover of employees. No airline has finally made an offer to take over Air Azur. The association in charge of take-off slots, Cohor, will recover more than 9,150 slots and redistribute them among all the airlines.
Eurofound (2019), Air Azur, Bankruptcy in France, factsheet number 98782, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98782.
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.
