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. 28.22 - Manufacture Of Lifting And Handling Equipment
10 jobs Number of planned job creations
Announcement Date
11 March 2017
Employment effect (start)
1 March 2017
Foreseen end date
Description
Vimec is an Italian company created in the '80s that designs and builds stair lifts and elevators to overcoming architectural barriers and improving accessibility. During the '90s the company offshored the production in its own plant in China. However, production costs and delivery time had risen during the years, and the exchange rate with dollar become unfavorable. For these, reasons the company decided to move back all the production activities to its Italian site in Luzzara in 2017; this in turn induced the company to hire 10 new employees. Producing in Italy, the company is more flexible and can take advantage of the "made in Italy" effect.
Eurofound (2017), Vimec, Reshoring in Italy, factsheet number 42, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/42.
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.
