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 Coke And Refined Petroleum Products Manufacture Of Coke And Refined Petroleum Products 19.2 - Manufacture Of Refined Petroleum Products
150 jobs Number of planned job losses
Announcement Date
10 December 2024
Employment effect (start)
10 December 2024
Foreseen end date
31 January 2025
Description
Gunvor Refinery, a leading facility in Rotterdam, announced the termination of its motor fuel production, resulting in 150 of 260 employees losing their jobs. The refinery, among the oldest in Rotterdam's Europoort, will transition into a streamlined terminal focusing on the storage and transshipment of fuel. The restructuring decision stems from intensified competition from modern refineries in Africa and the Middle East, compounded by a 25% surge in costs driven by inflation and increased energy prices.
The announcement came close to the holiday season, drawing criticism from trade union FNV, which described the decision as "a black day." The union pledged to negotiate a robust social plan to assist impacted employees during this uncertain period.
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.
