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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.12 - Manufacture of electricity distribution and control apparatus
New offshoring locations
Hungary, Turkey
300 jobs Number of planned job losses
Announcement Date
1 July 2020
Employment effect (start)
Foreseen end date
Description
Eaton Industries, an American manufacturer of electrical equipment, cuts 300 jobs at its plant in Hengelo. The Dutch locations of the company have not been profitable in recent years and Eaton has decided to move part of the production to Hungary and Turkey. The job cuts will affect 240 employees with permanent contracts and 60 employees with flexible contracts.
In recent years, there have been multiple reorganisations at the Dutch branch of Eaton; a social plan is still in place based on a previous reorganisation. The factory in Hengelo was known as Holec before it was taken over by Eaton. In the past 5 years it has been downsized from 1,000 employees to only 400 after this new reorganisation.
Eurofound (2020), Eaton, Offshoring/Delocalisation in Netherlands, factsheet number 101124, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101124.
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.
