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
900 jobs Number of planned job losses
70 jobs Number of planned job creations
Announcement Date
29 April 2003
Employment effect (start)
1 April 2003
Foreseen end date
1 December 2003
Description
Due to the crisis in the sector and in the frame of a corporate restructuring plan 'Impact2', Infineon announced the suppression of 900 jobs world-wide. The restructuring plan contains further decentralisation measures, downsizing and cost cutting in order to spare some 500 million euros in the next four years. Infineon had already suppressed 5000 jobs during the summer of 2001. 2400 employees are working for Infineon in Villach (Austria) and some 2700 in the whole country, the relocation of the AI branche (car and industrial electronics) in Villach could bring the creation of 70 new jobs.
October 2003. Infineon will employ 145 software developers from Siemens.
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.
