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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture Of Electrical Equipment
200 jobs Number of planned job losses
Announcement Date
24 October 2024
Employment effect (start)
24 October 2024
Foreseen end date
Description
Electronics manufacturer Semikron Danfoss has announced around 200 job cuts at its plant in Flensburg. The step has become necessary due to the crisis in the automobile sector and due to demand in other sectors also not developing as the company had hoped.
Semikron Danfoss produces electronic devices such as semiconductors, power modules, stacks and system. In Flensburg, the company is currently employing around 1,000 employees.
The company and the local works' council have started negotiations on finding socially acceptable solutions to deal with the planned job reduction. According to newspaper reports, the reductions will be realised within the next couple of months with no definite cut-off date mentioned.
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.
