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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.31 - Manufacture Of Electrical And Electronic Equipment For Motor Vehicles
200 jobs Number of planned job losses
Announcement Date
27 February 2024
Employment effect (start)
1 March 2024
Foreseen end date
31 December 2024
Description
AVL List, a technology company in Graz, has announced the direct dismissal of 70 employees in March 2024, as well as 130 additional job cuts.
The 130 positions are meant to be cut through not filling positions after retirements. As a result, a total of 200 jobs will be cut this year, which reduces the number of employees from 4.300 to 4.100 people.
The company has agreed with the works council that the competition and employment protection clause will be applied. The spokesman of the company states the high costs of personnel and energy to be the main reasons for the cutting measures.
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.
