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 Motor Vehicles, Trailers And Semi-Trailers 29.31 - Manufacture of electrical and electronic equipment for motor vehicles
148 - 450 jobs Number of planned job losses
Announcement Date
6 May 2020
Employment effect (start)
30 April 2020
Foreseen end date
Description
The Austrian-owned producer of automotive lighting systems, ZKW Slovakia, based in Krusovce, lays off 148 workers out of total 2,150 employees, due to the coronavirus epidemic. ZKW management stated that none of the measures provided by the Slovak government allows the company to retain all employees by paying them 60% of their wages. The company reported a potential dismissal of 450 employees to the employment office.
According to the local trade union OZ KOVO, the mass redundancies can only be prevented by state intervention. The Confederation of Trade Unions of Slovakia consults on the issue with the government.
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.
