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.
Approximately 360 employees are to be made redundant from cloud computing firm, VMWare.
Most of the proposed redundancies will impact staff at the company’s site in Ballincollig in Cork with a small number at the Dublin office also affected. Employees working in HR, Legal, Marketing and Finance will be impacted by the job losses, as well as Operations, ESG and other areas.
VMware was recently acquired by US semiconductor company, Broadcom and in a letter to staff, the company said it is now “proposing to make headcount reductions in order to simplify the organisation structure by introducing clear lines of accountability and streamlining processes.”
The company currently employs 1,000 people in Ireland.
Eurofound (2023), VMWare, Internal restructuring in Ireland, factsheet number 200832, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200832.
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.
