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, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18 - Printing And Reproduction Of Recorded Media
530 jobs Number of planned job losses
Announcement Date
14 November 2024
Employment effect (start)
30 November 2024
Foreseen end date
Description
Agfa Gevaert, a Belgian multinational specialised in the production and development of filming materials has announced it will dismiss around 530 employees at its facility in Mortsel. The main reasoning behind the effort is a larger cost cutting measure that was already announced in August. In total, the company seeks to reduce costs by 50 million euro in the coming three years. Both blue, white collar as well as professional and managerial staff will be affected by the dismissals. The company management states it will try to reduce direct dismissals as much as possible. Despite the announcement of cost saving measures, the extent of the dismissals has surprised a lot of employees, according to trade unions representatives.
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.
