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.
Stoke-on-Trent, Rocester, Uttoxeter, Derby, Hixon, Rugeley and Wrexham
Sector
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.92 - Manufacture of machinery for mining, quarrying and construction
500 - 1,450 jobs Number of planned job losses
Announcement Date
15 May 2020
Employment effect (start)
Foreseen end date
Description
JCB, the British company that designs and manufactures equipment for construction, agriculture and waste handling, has announced plans to make redundant 950 employees and 500 workers employed through the Guidant employment agency at its 10 plants in Derbyshire and Staffordshire in England and in north Wales.
JCB’s chief executive said the company had to 'adapt to this new economic reality' in the wake of the COVID-19 pandemic and cost saving measures were necessary to ensure the long-term sustainability of the business.
A representative of the trade union Unite criticised JCB’s decision for not keeping workers on temporary leave under the UK government’s Coronavirus Job Retention Scheme, and a representative of the GMB union said the news was 'devastating'.
JCB is a family-run business that was founded in 1945 in Staffordshire, England. It currently employs 6,700 people in the UK, either directly or through agencies.
Eurofound (2020), JCB, Internal restructuring in United Kingdom, factsheet number 101310, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101310.
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.
