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.
The Employment Regulation File is affecting primarily Asturias and the Basque Country, to a lesser extent
Sector
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.1 - Manufacture Of Basic Iron And Steel And Of Ferro-Alloys
131 jobs Number of planned job losses
Announcement Date
16 May 2024
Employment effect (start)
16 June 2024
Foreseen end date
Description
ArcelorMittal Spain, the Spanish subsidiary of the multinational steel manufacturer, has announced in May that it will cut 131 jobs in Asturias, but some also in the Etxebarri plant (Basque Country).
The management of ArcelorMittal in Spain has agreed with the trade unions UGT and USO an employment redundancy file (ERE) for "organisational reasons".
This labour adjustment is motivated by the need to "amortise" certain jobs as a result of the "deterioration of the company's activity in recent years, both in terms of income and production volume", according to the multinational.
ArcelorMittal España did experience another internal restructuring process in 2023, with 440 jobs being cut (ArcelorMittal España-2023)
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.
