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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer Programming, Consultancy And Related Activities
400 jobs Number of planned job losses
Announcement Date
5 December 2024
Employment effect (start)
5 December 2024
Foreseen end date
5 December 2027
Description
Etas, a subsidiary of German technology company Bosch specializing in vehicle software, is planning to cut up to 400 jobs worldwide over the next three years.
The layoffs will concern one in eight employee worldwide. Around half of the layoffs are expected to be in Germany. The exact numbers of job cuts are not yet known.
The restructuring programme, aimed at addressing declining demand for intelligent driver assistance systems and other industry challenges, will be implemented in consultation with staff representatives and designed to minimize social impact.
Etas was founded in 1994. Currently, the company employs 3,100 people in Europe, Asia and the Americas.
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.
