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 Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32.30 - Manufacture of sports goods
300 jobs Number of planned job losses
Announcement Date
19 July 2022
Employment effect (start)
1 August 2022
Foreseen end date
30 September 2022
Description
Hungarian wellness equipment manufacturer Wellis will decrease its personnel from 950 to 650 at its principal production site in Dabas by laying off 300 blue-collar workers. The workers affected by the layoff will be notified in August and the layoff will be completed by the end of September, according to the plan.
The layoff is related to the decision to downsize tub production, a response to the drastic decrease in demand for its products due to the war in Ukraine, the energy crisis and the global worsening of economic conditions. Simultaneously with the production downsizing, the firm will create a new development and service centre in Dabas. The swim spa product line, also placed at the Dabas site, will be unaffected and no changes are envisaged at the firm's Ózd plant.
The management says it will help the laid-off workers to find employment by assisting them with the writing of CV-s, finding job ads and sending job applications.
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.
