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
7,600 jobs Number of planned job losses
Announcement Date
16 September 2020
Employment effect (start)
16 September 2020
Foreseen end date
Description
On 16 September 2020, the German automotive supplier Mahle announced that it will cut 7,600 jobs worldwide. In Europe, the programme will affect 3,700 positions, including 2,000 jobs in Germany. There is no detailed information how many jobs are at risk on other continents. Mahle is to initiate negotiations with the local trade unions and works councils to implement socially responsible redundancy programmes.
The company is going to implement a cost-saving and restructuring programme due to the COVID-19 pandemic which hit the automotive industry and caused a slowdown in the international markets and a drop in demand for automotive products and services. Mahle’s management does not expect the automotive industry to return to pre-crisis levels for several years. However, despite economic pressures, the company remains focus on technological transformation.
Currently, Mahle employs 77,000 staff in more than 30 countries worldwide. The company specialises in the production of automotive components, including piston systems, cylinders, air and liquid management systems and valvetrains.
Eurofound (2020), Mahle, Internal restructuring in World, factsheet number 102000, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102000.
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.
