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.
Poland, the UK, France, Spain, South Africa, the United States and other countries
Sector
Professional Services Professional Services And Management Consultancy Activities Of Head Offices; Management Consultancy Activities 70.22 - Business and other management consultancy activities
20,000 jobs Number of planned job creations
Announcement Date
15 June 2021
Employment effect (start)
15 June 2021
Foreseen end date
15 June 2026
Description
British consultancy firm PwC has announced that it plans to create 100,000 new jobs worldwide within the next five years. Assuming constant pace of recruitment, we could expect the creation of 20,000 per year.
So far, the company has announced business expansions in France, Poland, South Africa, Spain, the UK, and the United States. In Poland, the company intends to create 5,000 new jobs at its seven offices across the country in five years (1,000 positions per year). In Spain; the company plans to create 1,400 new jobs by the end of 2021. In the UK, the company is to create 1,000 technology-focused jobs at its technology hub in Manchester. In France and Maghreb, PwC intends to create 8,000 new jobs over the next four years. About 25,000 to 30,000 jobs will be created across the United States, while the South African unit of PwC will add at least 2,500 new employees.
The business expansion is part of company’s wider plan ‘The New Equation’ which responds to changes in the world, including technological disruption, climate change, fractured geopolitics, and the continuing effects of the COVID-19 pandemic. In particular, PwC intends to accelerate its Environmental, Social and Governance (ESG) practices.
PwC operates in 155 countries and employs over 284,000 people worldwide.
Eurofound (2021), PwC, Business expansion in World, factsheet number 105382, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105382.
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.
