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.
Mining / Quarrying Mining And Quarrying Mining Of Metal Ores 07 - Mining Of Metal Ores
160 jobs Number of planned job losses
Announcement Date
17 April 2024
Employment effect (start)
17 April 2024
Foreseen end date
Description
Approximately 160 voluntary redundancies are to be made at Tara Mines, as part of a restructuring plan.
The background of this internal restructuring is the goal to ensure the mine can reopen. Tara Mines closed temporarily in mid-July 2023, resulting in the laying off of 650 workers. At the time, the owner, Boliden, said it took the decision due to unsustainable losses and cited factors including a decline in the price of zinc, inflation, and energy costs.
An agreement between the company and unions at the Workplace Relations Commission was reached to reopen the Mine with the loss of 160 jobs. This is in addition to some 50 employees who have left during the closure period due to retirement and natural attrition.
Members of the three unions – SIPTU, Connect, Unite - representing workers at Tara Mines voted to accept the agreement in early May 2024.Tara Mines is Europe's largest zinc mine.
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.
