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.
Madrid, Asturias, Valencia, Bizkaia, Gipuzkoa, Navarre and Zaragoza
Sector
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.10 - Manufacture Of Basic Iron And Steel And Of Ferro-Alloys
440 jobs Number of planned job losses
Announcement Date
30 November 2023
Employment effect (start)
1 January 2024
Foreseen end date
Description
ArcelorMittal España, a steel manufacturer, has proposed the dismissal of 440 employees in Spain by means of an agreed employment redundancy file (ERE).
Specifically, the company has proposed the dismissal of 440 of its employees in Spain born between 1962 and 1963, without applying the relief contract. Until now, the relief contract, in force for twenty years, allowed the early retirement of staff aged 61 and the entry of temporary workers to fill their posts and maintain the workforce.
The company has linked this decision to the investments it will have to make in order to start up the hybrid electric furnace in Gijón, linked to its decarbonisation process. Meanwhile, the reaction of the trade union representatives has been of total rejection of the initiative, assessing the number of redundancies proposed as "disproportionate".
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.
