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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.11 - Production Of Electricity
145 jobs Number of planned job losses
Announcement Date
8 November 2024
Employment effect (start)
8 November 2024
Foreseen end date
31 December 2024
Description
Better Energy, a leading player in Denmark’s renewable energy sector, is reducing its workforce by up to 40% of its 363 employees in Denmark by the end of 2024 due to slower-than-expected green transition progress. The company, which has experienced rapid growth over the past few years, faces a market slowdown in solar energy demand. The development of new solar parks has reached a more steady pace, and electrification efforts have stalled. Despite the cuts, Better Energy remains focused on delivering green energy, shifting towards a more project-based approach and outsourcing more tasks. The company is adjusting to a slower growth environment and refocusing on strategic projects in Northern Europe.
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.
