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.
Germany, France, Italy, Spain, Poland, the Netherlands and Ireland
Sector
Information / Communication Information Service Activities Digital Infrastructure Services 63.11 - Data processing, hosting and related activities
10,000 jobs Number of planned job creations
Announcement Date
17 October 2021
Employment effect (start)
17 October 2021
Foreseen end date
17 October 2026
Description
Facebook, the US-based social media platform, is creating 10,000 new high-skilled jobs in Europe over the next five years. The recruitment process is covering Germany, France, Italy, Spain, Poland, the Netherlands, and Ireland. So far, the company has announced the creation of 5,000 jobs in Poland over the next five years.
Europe has always been important for the success of Facebook. The business expansion is related to the creation of ‘metaverse’, an entirely digital world where people can meet and lead social and professional life using virtual reality and augmented reality. According to Facebook, metaverse is creating new social and economic opportunities. A $50 million (€42.94 million) investment programme has been launched. Facebook is to invest in technology research in Europe, including research on Artificial Intelligence in France and virtual reality and augmented reality in Ireland.
Founded in 2004, Facebook currently employs over 60,600 people worldwide.
Eurofound (2021), Facebook, Business expansion in European Union, factsheet number 105444, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105444.
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.
