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.
Australia, France, Switzerland, the United Kingdom, the United States
Sector
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.59 - Manufacture of other chemical products n.e.c.
28,000 - 30,000 jobs Number of planned job losses
Announcement Date
22 January 2003
Employment effect (start)
1 January 2003
Foreseen end date
1 January 2008
Description
Kodak is the world's largest manufacturer and seller of imaging products. It produces traditional and digital cameras, photographic plates and chemicals, processing and audiovisual equipment, as well as document management products, applications software, printers and other business equipment.
In 2003, Kodak announced a five-year reorganisation plan that envisaged a loss of around 30,000 jobs throughout the world. This restructuring programme is due to the accelerated shift towards the digital market, more lucrative than the classical film market.
The company's restructuring plan was updated in July 2005 and August 2006. In the period between 2004 and 2006, the company closed several plants in Australia, France, Switzerland, the United Kingdom and the United States. At the end of 2006, the company had already dismissed approximately 24,000 workers.
In February 2007, Kodak announced that, by the end of 2007, the total employment reductions would reach 28,000 to 30,000 jobs, according to the provisions included in the 2004 plan.
Sources
8 February 2007: Il Diario del lavoro
22 January 2004: The Guardian
22 January 2002: Wirtschaftsblatt
22 January 2004: El País
Citation
Eurofound (2003), Eastman Kodak, Internal restructuring in World, factsheet number 59219, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59219.
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.
