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
100 jobs Number of planned job losses
Announcement Date
28 September 2002
Employment effect (start)
Foreseen end date
1 December 2002
Description
Nemetschek AG is one of the leading vendors of information technology and consulting services for building design, construction and management. In June 2002 the managing board decided to react to the ongoing difficult situation in the building industry and IT sector with a second round of the restructuring program initiated in 2001.
After the first round has already lead to savings in personnel cost and cost of materials by 10.6 % and 35.7 % respectively, the second round includes another cut of more than 100 jobs, as well as cost reductions in all areas.
Sources
Citation
Eurofound (2002), Nemetschek, Internal restructuring in World, factsheet number 59276, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59276.
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.
