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
140 jobs Number of planned job losses
Announcement Date
24 September 2020
Employment effect (start)
24 September 2020
Foreseen end date
Description
As announced on 24 September 2020, the automotive parts supplier, Faurecia, will be cutting 140 jobs at its plant in Augsburg due to internal restructuring. The restructuring should result in activities focusing mainly on sustainability, digitalisation, automation and carbon neutrality. The job reduction is no surprise to Faurecia’s works’ council. Faurecia has been hit hard by the COVID-19 crisis and most employees have been on short-time work since March. As of today, there is no information on a timeframe for the job reduction available. However, the works’ council emphasised that although cuts are necessary to secure the company’s future, there should be a socially acceptable solution for each of the affected employees. The talks between the company management, the works' council and the union have already started.
Currently, Faurecia has 1,400 employees in Augsburg.
Eurofound (2020), Faurecia, Internal restructuring in Germany, factsheet number 102008, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102008.
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.
