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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Programming And Broadcasting Activities 60.20 - Television programming and broadcasting activities
654 jobs Number of planned job losses
Announcement Date
9 April 2021
Employment effect (start)
9 April 2021
Foreseen end date
31 December 2024
Description
The television broadcasting company Sky Italia, Italian subsidiary of the UK-based Sky Group, presented a redundancy plan to the unions entailing 2,500 to 3,000 jobs cut. The company claimed that the entire broadcaster sector is experiencing a transformation to adapt to the digitisation and the diffusion of streaming platforms.
The restructuring is planned over a four-year period and will take place on a voluntary basis and without resorting to direct dismissals. The plan foresees overall savings amounting to around €300 million.
Currently, the company employs 5,000 direct workers and further 6,000 indirect ones.
Updated, 15/07/2021: An agreement has been reached between the company and the trade unions, significantly reducing the number of exits. According to the agreement, the transformation plan will affect 153 people for the remaining six months of 2021 and a total of 501 people for 2022. As part of the agreement, the company also committed not to take unilateral actions.
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.
