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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Leather And Related Products 15.20 - Manufacture of footwear
104 jobs Number of planned job losses
Announcement Date
15 November 2019
Employment effect (start)
18 November 2019
Foreseen end date
30 November 2019
Description
The Commercial Court of Angoulême pronounced the judicial liquidation of La Manufacture Charentaise (LMC) at Rivières (Charentes), which employs 104 people. Placed in receivership on 25 July, the company, which is one of the last to manufacture traditional 'Charentaise' slippers in France, had only received one takeover offer which the court rejected. The takeover only proposed to keep 38 jobs. The liquidation has been declared with immediate effect and the employees will receive their redundancy letter by the end of November.
The FO union denounces poor management by managers and owners. LMC is the result of the merger in 2018 of four manufacturers of the famous 'Charentaise' slippers, but the companies' business was already in bad shape. According to the daily Le Progrès, the company suffered in one year a sharp drop in its turnover - from €13 million for the four companies in 2018 to €7 million - and from a positive net result of €1.3 million, to a loss of nearly €700,000 in a few months.
Eurofound (2019), La Manufacture Charentaise, Bankruptcy in France, factsheet number 99129, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99129.
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.
