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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.40 - Manufacture of consumer electronics
900 - 1,000 jobs Number of planned job losses
Announcement Date
20 October 2021
Employment effect (start)
Foreseen end date
31 March 2022
Description
Panasonic AVC Networks Czech, a Czech subsidiary of the Japanese electronics company, is to lay off over 900 people at its Pilsen plant by the end of March 2022. The redundancies will concern people from the production of televisions: about 450 permanent employees out of the 750 core staff and almost 500 agency workers, who should gradually leave the company by the same date. The factory will continue to operate with about 300 to 370 people involving in the production of heat pumps, blu-ray players and recording devices.
Panasonic will end production of televisions due to the reduced demand for TVs, which has been evident for several years. The current lack of chips could also play a role.
The company has been operating in Pilsen since 1997.
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.
