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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
234 jobs Number of planned job losses
Announcement Date
17 July 2003
Employment effect (start)
Foreseen end date
Description
Of the 234 job reductions at Waterford Crystal, 129 will affect temporary workers on short-term contracts, as well as 105 voluntary redundancies drawn from the permanent workforce.
The terms of the voluntary redundancy arrangements will be 6 weeks pay per year of service, inclusive of statutory entitlements. The company has attributed the redundancies to a slowdown in demand in its critical US market.
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.
