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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
200 - 700 jobs Number of planned job losses
Announcement Date
22 April 2020
Employment effect (start)
22 April 2020
Foreseen end date
Description
ContiTech Fluid Automotive, a subsidiary of the Hungarian ConiTech and a division of German automotive parts manufacturer Continental, will lay off between 200 and 700 employees who work at its Makó and Vác plants, according to the Federation of Chemical Workers of Hungary. The engaged trade union reports that the exact number mainly depends on whether the union accepts the management’s offer of reduced working hours and wages. If the union accepts the introduction of a four-day working week and wage reduction of at least 20%, then the number of job cuts will be around 200. Otherwise, the number of redundancies may reach 700.
The trade union is willing to accept the shorter working week and the pay cuts, but it also wants a guarantee that those employees, who sign this offer will not be laid off; without it, the offer will be unacceptable.
The anticipated dismissals will affect mostly agency workers, however, the shortened work schedule shall be introduced from 1 May 2020 and will impact both units of the company. In addition, it is expected that the company will make use of the new government-subsidised scheme of shorter working hours.
The Makó and Vác production sites stopped operation on 23 March 2020, due to the coronavirus-related fall in demand. These plants produce cooling/heating tubes, fuel hoses and plastic and metal parts. The production was restarted on 20 April 2020, in a reduced capacity, to provide the necessary supplies to various automotive plants in Germany.
According to the trade union representative, ContiTech expects a very slow and gradual business recovery.
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.
