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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
266 jobs Number of planned job losses
Announcement Date
11 January 2021
Employment effect (start)
11 January 2021
Foreseen end date
Description
Siemens Gamesa, the Spanish multinational company developing new technologies dedicated to wind energy, has confirmed the closure of its plants in As Somozas (Galicia) and in Cuenca (Castilla-La Mancha), affecting a maximum of 266 employees in both factories (51 in Cuenca and 215 in Galicia). Negotiations between Siemens Gamesa and the workers' representatives on the terms of the collective redundancy plan will begin shortly.
The company has pointed out that these are necessary measures to ensure the sustainability of the business and the employment. Specifically, the company stated that the closure of the Somozas factory is due to the lack of orders for the blades of the turbine model produced by the plant, while the closure of the Cuenca plant, specialised in blades' repair, depends on the impossibility to compete in a market where there is a growing trend to replace rather than repair blades. As a response, the governments of Spain, Galicia and Castilla-La Mancha have expressed their opposition to company's decision to close the plants, as they argued that this is a time of expansion of the sector in Spain.
The impact of the COVID-19 crisis has caused Siemens Gamesa to record a loss of €918 million in fiscal year 2020. This announcement of restructuring comes after the closure of the Aoiz blade factory in Navarra, which ended up affecting a total of 200 employees.
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.
