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.
Information / Communication Information Service Activities Digital Infrastructure Services 63.11 - Data processing, hosting and related activities
505 jobs Number of planned job losses
Announcement Date
7 July 2020
Employment effect (start)
31 August 2020
Foreseen end date
28 February 2021
Description
Okin BPS, a digital technology solutions provider, will lay off 505 employees in Ostrava due to the cancellation of a contract for IT outsourcing with US telecommunications company Verizon that decided to move services to Asia. Verizon is reportedly moving the outsourcing out of Europe entirely.The company's statutory director Michal Jelínek stated that 206 employees would terminate their employment on 31 August, and another 299 people would leave the company by the end of February 2021. The company currently employs around 1,200 people.Okin BPS is a provider of services for companies such as sales network support, creation of technical solutions and provision of technical support and multilingual customer support.
Sources
Citation
Eurofound (2020), Okin BPS, Internal restructuring in Czechia, factsheet number 101229, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101229.
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.
