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.
Brandýs nad Labem, Adršpach, Jičín, Frenštát pod Radhoštěm
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture Of Parts And Accessories For Motor Vehicles
230 jobs Number of planned job losses
Announcement Date
28 February 2024
Employment effect (start)
Foreseen end date
28 February 2026
Description
The Czech automotive supplier Continental Automotive Czech Republic has announced that it will cut 200 jobs at its factory in the city of Brandýs nad Labem, as well as 30 positions across three other Czech plants (Adršpach, Jičín, Frenštát pod Radhoštěm) over the next 2 years.
The layoffs will affect workers in company administration. The job reductions at the Czech plants are part of the savings program of the German concern Continental AG to eliminate around 7,150 jobs in automotive activities, i.e. over three percent of the company's total workforce.
The Continental plant in Brandýs nad Labem is one of the traditional suppliers of world car companies and employs more than 3,000 people.
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.
