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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
200 jobs Number of planned job losses
Announcement Date
8 July 2020
Employment effect (start)
8 July 2020
Foreseen end date
31 July 2020
Description
AGC Automotive Czech, a car glass manufacturer, will dismiss 200 out of 1,800 workers employed at the company due to the COVID-19 crisis. The redundancies include operational and managerial positions and will be carried out by the end of July 2020. The main reason for the restructuring is the decline in orders from leading car manufacturers. In addition to the workforce reduction, the company considers wage cuts to cope with the economic challenges.
AGC Automotive Czech is one of the largest manufacturers of car windows in Europe with an annual production of more than 32 million pieces. The company is a subsidiary of the Japanese AGC Group, which supplies car windows to all large car manufacturers such as Mercedes, Volkswagen, BMW, Škoda Auto, GM, FORD, Renault, Toyota, Peugeot, Citroën, Suzuki and Fiat.
Japanese AGC Group, a world leader in the production of flat glass, has 200 companies in more than 30 countries, employing over 50,000 people worldwide.
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.
