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 Coke And Refined Petroleum Products Manufacture Of Coke And Refined Petroleum Products 19.2 - Manufacture of refined petroleum products
230 jobs Number of planned job losses
Announcement Date
23 June 2020
Employment effect (start)
30 June 2020
Foreseen end date
Description
Gunvor, an oil refinery plant in the port of Antwerp, has announced it will dismiss 230 of its employees. The reasoning behind the restructuring is the fact that the plant has not refined any oil for a significant period now due to a lack of demand (mainly for aeroplane fuel). The company is currently looking to see if the facility can be transformed into an oil storage facility, which would allow for 30-40 employees to remain active. The refinery will be maintained as well to start up quickly in case a reboot should happen. This seems unlikely shortly.
Eurofound (2020), Gunvor, Internal restructuring in Belgium, factsheet number 101065, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101065.
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.
