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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.1 - Preparation and spinning of textile fibres
106 jobs Number of planned job losses
Announcement Date
14 July 2020
Employment effect (start)
14 July 2020
Foreseen end date
Description
Danspin, the Danish-capital company producing woolen and synthetic yarns for carpet weaving, is to dismiss 106 employees in Raseiniai. Such information was provided by the Lithuanian Employment Service. The main cause of dismissals is a decrease in the number of orders due to the COVID-19 pandemic. Currently the company employs 340 employees (in February 2020, the number of employees was 440). After the dismissals, the number of employees will further decrease (from 340 to 234).
Earlier this year, the Lithuanian Clothing and Textile Association forecasted that about a third of textile companies may go bankrupt due to COVID-19 pandemic, and about a quarter of the 28,000 people working in the sector may lose their jobs.
Eurofound (2020), Danspin, Internal restructuring in Lithuania, factsheet number 101238, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101238.
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.
