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.
Media Publishing activities Software publishing 58.29 - Other software publishing
46 jobs Number of planned job losses
Announcement Date
12 September 2023
Employment effect (start)
12 September 2023
Foreseen end date
Description
The Irish software company Teamwork has announced the redundancy of 46 employees in Ireland and the United Kingdom, about 13% of its total workforce.
While the affected roles vary across locations and professions, 17 employees are to be dismissed in Ireland.
The company has been struggling with the effects of the global tech downturn, leading to unfavourable economic and market conditions for Teamwork. An official consultation period with Teamwork's staff about the dismissals is currently underway.
Teamwork has offices in six locations worldwide and operates in 183 countries, with 4 million users globally.
Eurofound (2023), Teamwork, Internal restructuring in World, factsheet number 200379, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200379.
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.
