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.
Administrative Services Travel Agency, Tour Operator And Other Reservation Service And Related Activities Travel Agency And Tour Operator Activities 79.11 - Travel agency activities
100 jobs Number of planned job losses
Announcement Date
2 March 2021
Employment effect (start)
Foreseen end date
Description
Ruefa, the Austrian travel company, announced job cuts across its agencies in Austria. One hundred employees were registered with the Public Employment Service (AMS). The company spokesperson confirmed the downsizing, but did not comment on the actual numbers. The COVID-19 crisis is at the origin of the decline in the tourist industry and the reason for the restructuring. In 2020, the company turnover dropped by 70%. Ruefa has around 100 travel agencies all over Austria and is owned by the Österreichisches Verkehrsbüro AG.
Eurofound (2021), Ruefa, Internal restructuring in Austria, factsheet number 103696, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/103696.
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.
