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 Coke And Refined Petroleum Products Manufacture Of Coke And Refined Petroleum Products 19.20 - Manufacture of refined petroleum products
130 jobs Number of planned job losses
Announcement Date
25 November 2020
Employment effect (start)
1 December 2020
Foreseen end date
Description
Preem, a Swedish fuel and refining company, has started collective bargaining negotiations for the dismissal of 130 white-collar employees working at its offices in Stockholm, Göteborg, and Lysekil.
The COVID-19 pandemic has caused a decline in demand for refined products. The downturn of the global economy has had a major negative impact on international industrial companies, including Preem, states the CEO of Preem in a press release.
Preem will begin negotiations with the trade union. The company and the union hope that early retirement can be used as an alternative for dismissals for some of the employees.
Preem AB is a Swedish company with around 1.500 employers. Their products are sold to oil companies in Sweden and on the international market, mainly in north-western Europe.
Eurofound (2020), Preem, Internal restructuring in Sweden, factsheet number 102674, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102674.
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.
