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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
New offshoring locations
Hungary
2,000 jobs Number of planned job losses
Announcement Date
12 March 2004
Employment effect (start)
Foreseen end date
Description
Siemens announced its intention to delocalise 2,000 jobs to Hungary. The concerned sites are Bocholt and Kamp-Lintfort, which produce mobile and fixed telephones. On 25 June 2004, an agreement has been reached with IG Metal. A two-year contract stipulates that as of 1 July 2004, the workers of the two sites will work 40 hours a week, without monetary compensation. According to necessity, the weekly schedule may rise up to 48 hours a week, without compensation. The average working time over the two-year period may not however exceed 40 hours per week. Christmas and holiday bonuses will be replaced by results-linked bonuses. This agreement has allowed to save the 2,000 jobs. It indeed reduces production cost by 30%.
Sources
12 March 2004: Les Echos
25 June 2004: La Tribune
Citation
Eurofound (2004), Siemens, Offshoring/Delocalisation in Germany, factsheet number 60153, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60153.
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.
