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 Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
300 jobs Number of planned job losses
Announcement Date
29 September 2022
Employment effect (start)
29 September 2022
Foreseen end date
1 January 2025
Description
The German wind turbine manufacturer Siemens Gamesa has announced it will be restructuring, reducing its workforce by approximately 300 jobs in Germany until 2025. Siemens Gamesa has been burdened by high costs, supply shortages and problems with its land turbine, making a restructuring inevitable in order to stabilise the company’s profitability. There is no information on the restructuring procedure, nor on the locations where workers will be affected.
The restructuring in Germany is part of a worldwide reduction in jobs which will affect approximately 2,900 employees.
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.
