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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.9 - Manufacture Of Other Special-Purpose Machinery
100 jobs Number of planned job losses
Announcement Date
25 July 2024
Employment effect (start)
Foreseen end date
Description
The drive technology manufacturer ABM Greiffenberger GmbH has announced that it is to cut 100 jobs in Marktredwitz (Bavaria).
The company explained the reason for the job cuts to be overstaffing, which means that costs are too high compared to competitors. Information on which jobs are affected and by when the job cuts are to be implemented is not yet known. The job cuts are to be implemented through redundancy schemes.
The trade union IG Metall has criticised the announced job cuts and is calling for more orders to be brought in instead of laying off employees to bring staff capacity and the order situation together.
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.
