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.
Hotel / Restaurants Accommodation And Food Service Activities Food And Beverage Service Activities 56.29 - Other food service activities
100 jobs Number of planned job losses
Announcement Date
9 June 2020
Employment effect (start)
1 July 2020
Foreseen end date
Description
The Oldtimer Restaurant Betriebsgesellschaft has announced that it will shutdown its three highway restaurants in Lower Austria and Corinthia. As of today, the company employs 100 employees. Due to the COVID-19 crisis, the employees had already been assigned to a short-time work schedule. Facing the assumed loss of this year's holiday traffic, the company's owner stated that the lockdown has been the final blow to the battered company. The 100 employees have been registered for the early warning service of the job centre.
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.
