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 29.1 - Manufacture of motor vehicles
120 jobs Number of planned job creations
Announcement Date
8 April 2021
Employment effect (start)
8 April 2021
Foreseen end date
Description
As announced on 8 April 2021, the German vehicle manufacturer Binz has officially taken over the former MAN plant in Plauen including the 120 MAN employees. Binz signed the purchase agreement at the end of March 2021, which includes the property, machines and employees. Binz manufactures specialised vehicles for fire and rescue services and intends to manufacture a series of vehicles for the Federal Agency for Technical Relief, THW (Bundesanstalt Technisches Hilfwerk).
Binz has now increased its number of employees by 120 to 340 in Germany.
Eurofound (2021), Binz, Business expansion in Germany, factsheet number 104576, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/104576.
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.
