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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Food, Beverages And Tobacco In Specialised Stores 47.2 - Retail Sale Of Food, Beverages And Tobacco In Specialised Stores
41 jobs Number of planned job creations
Announcement Date
9 September 2016
Employment effect (start)
1 August 2015
Foreseen end date
1 July 2016
Description
Sonae MC is a Portuguese company that produces kitchen appliances. The company has decided to backshore the production of its thermomix (Yammi) from China to Portugal. The appliance competes in world markets with the most famous "Bimby" from Vorwerk. In order to accomplish the initiative, a new plant has been created, which cost 4 mln € and created 41 new jobs. Moreover, 44 national suppliers in outsourcing have been involved. The plant has been built in the course of one year with the aim to increase quality, design and innovation in order to gain leadership in the market. 14.000 units should be available to customers within 2016. Sonae expects that 65% of production should be sold in foreign markets. 50.000 units are expected to be produced in the next year. Sales should double from the current 10 mln€.
Eurofound (2016), Sonae MC, Reshoring in Portugal, factsheet number 160, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/160.
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.
