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 Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24 - Manufacture Of Basic Metals
115 jobs Number of planned job losses
Announcement Date
11 October 2023
Employment effect (start)
22 November 2023
Foreseen end date
31 December 2023
Description
Swedish metal and mining company, Sandvik has initiated cooperation negotiations to reduce the number of jobs at its factory in Tampere, Finland by 115 people. 95 of these redundancies would affect factory workers and the remaining 20 would concern white-collar workers. The company announces that it might also need to implement 90 day temporary lay-offs during next year.
Sandvik says the redundancies are due to a changes in skills needed. The industry is becoming increasingly electrified and automated, requiring the company to adapt. The redundancies are also said to be due to a weakened order book which reduces demand and workload.
According to the chief shop steward, the redundancies have come as a surprise to employees, but hopes that the number of redundancies will decrease during the change negotiations.
Sandvik is an international industrial metal and mining company with about 40,000 employees, of which 2,500 in Finland.
Eurofound (2023), Sandvik, Internal restructuring in Finland, factsheet number 200387, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200387.
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.
