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.
Alfod es Eszak; Eszak-Magyarorszag; Borsod-Abauj-Zemplen
Location of affected unit(s)
Ózd
Sector
Manufacturing Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32.30 - Manufacture of sports goods
300 jobs Number of planned job losses
Announcement Date
8 October 2022
Employment effect (start)
8 October 2022
Foreseen end date
31 December 2022
Description
Hungarian wellness equipment manufacturer, Wellis Magyarország, has announced a plan to decrease its workforce of 600 employees at its Ózd production site by laying off 300 blue-collar workers. According to the plan, the layoff will be completed by the end of December.
The layoff is a response to the drastic decrease in demand for its products, due to the war in Ukraine and the energy crisis. This is not the first downsizing at Wellis in 2022. In July, the management announced a layoff of a similar size at the firm's Dabas plant (Wellis Magyarország 2022 - HU)
In recent years, Wellis has been one of the two largest employers in Ózd, besides Johnson Electric. However, Johnson Electric closed its plant this spring. Thus, the Wellis layoff creates a desperate situation in the town, according to mayor Dávid Janiczak.
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.
