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, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18.1 - Printing And Service Activities Related To Printing
12 jobs Number of planned job creations
Announcement Date
24 January 2017
Employment effect (start)
1 June 2016
Foreseen end date
1 March 2017
Description
Smartphoto is a Belgian company, specialised in photo e-commerce. The headquarters of the company are set in Wettered, the northern part of Belgium. In 2016, Smartphoto acquired a Dutch personal photo company Webprint. This acquisition was a catalyst for relocation of Webprint from the Netherlands to Belgium, where the company is expected to benefit from a fully automated process. Some 50 jobs will be lost but the CEO of the company is confident that at least a dozen of jobs can be created. As result, the acquisition will have a negative effect on Smartphoto’s profits in 2016 but they are expected to increase as synergy effects take place in 2017.
Eurofound (2017), Smartphoto, Reshoring in Belgium, factsheet number 142, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/142.
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.
