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.
Retail Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles Wholesale Trade Of Motor Vehicle Parts And Accessories 45.31 - Wholesale trade of motor vehicle parts and accessories
130 jobs Number of planned job losses
Announcement Date
16 December 2019
Employment effect (start)
17 December 2019
Foreseen end date
31 December 2019
Description
Two months after its placement in receivership, the Commercial Court of Saint-Etienne has decided the liquidation of Laurent Père & Fils, a company specialised in distribution of automotive parts and accessories. The court rejected three takeover bids, considering that they did not meet the legal requirements for maintaining employment, discharging liabilities and ensuring the viability of the operation. The court ordered the judicial liquidation of this company, which constituted the historical activities of the family group created in 1937 by the grandfather of the current directors. The last 130 employees, out of the 155 employees at the start of the receivership procedure will therefore be laid off. Last year, the company achieved a turnover of €40 million.
Eurofound (2019), Laurent Père et Fils, Bankruptcy in France, factsheet number 99386, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99386.
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.
