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. 28.99 - Manufacture Of Other Special-Purpose Machinery N.E.C.
450 jobs Number of planned job losses
Announcement Date
9 December 2024
Employment effect (start)
9 December 2024
Foreseen end date
31 December 2028
Description
As announced on 9 December 2024, the printing press manufacturer Heidelberger Druckmaschinen will cut 450 of approximately 4,000 positions at its headquarters in Wiesloch-Walldorf, Baden-Württemberg, in a socially responsible manner.
The company has reached an agreement with the union IG Metall in negotiations on a "future plan to strengthen the competitiveness of the site." For the remaining 3,550 employees, the company is providing a job guarantee until the end of 2028.
These measures could save around 100 million euros in personnel costs.
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.
