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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Programming And Broadcasting Activities 60.20 - Television Programming And Broadcasting Activities
1,000 jobs Number of planned job losses
Announcement Date
30 January 2024
Employment effect (start)
30 January 2024
Foreseen end date
31 December 2024
Description
The UK-based media and entertainment company Sky has announced that it will cut 1,000 jobs worldwide in 2024.
The company plans to cut 1,000 jobs in the United Kingdom and Ireland, which represents about 4% of its workforce in these countries. The cuts are expected to hit the company’s engineering teams who are tasked with installing satellite dishes. The conditions of the programme will be negotiated with employee representatives according to local regulations.
The restructuring programme is related to a shift from satellite to digital service provision. As the source reports, a review into the company's business structure revealed a decreased requirement for satellite specialists as more customers transition to digital-only services.
Owned by Comcast, Sky is Europe’s largest media company, employing about 25,000 staff in the UK and Ireland.
Eurofound (2024), Sky, Internal restructuring in World, factsheet number 200745, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200745.
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.
