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 For Transport Equipment Manufacture Of Other Transport Equipment 30.40 - Manufacture of military fighting vehicles
150 jobs Number of planned job creations
Announcement Date
22 August 2022
Employment effect (start)
1 September 2022
Foreseen end date
31 December 2023
Description
In connection with the Russian invasion of Ukraine, Poličské strojírny, the largest Czech manufacturer of military ammunition, based in Polička, has announced the need to expand weapons production and to hire up to 150 workers. The company currently needs to fill more than 50 vacancies and about 100 new job positions will be created in 2023. Currently, around 650 people work in the Polička factory, which is one of the most important employers in the region.
Since the beginning of the conflict, Czech companies of the defense industry concluded contracts for deliveries to Ukranine in total amount of around CZK 40 billion (€ 1.6 billion). The Czech arms industry is now in a phase of rapid development due to the need to invest in new production capacities, in the recruitment of people and in modernization. Similar to Europe, the demand for weapons, ammunition and other military equipment is expected to increase in the coming years. Czech exports of these products are likely to set a new record this year.
Eurofound (2022), Poličské strojírny, Business expansion in Czechia, factsheet number 107272, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107272.
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.
