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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
7,000 - 7,600 jobs Number of planned job losses
Announcement Date
21 April 2004
Employment effect (start)
Foreseen end date
31 December 2007
Description
Mitsubishi Motors Corp. (MMC) foresees the suppression of 4,500 jobs worldwide, i.e. 10% of its workforce. 1,000 redundancies would take place in Japan, while the rest would hit Europe, the United States and Australia. After the move, MMC would count 40,000 employees, which is 45% of what it counted in 2000. On 21 May 2004, company management announced the job cuts would amount to 7,000 (7,600 according to some sources) worldwide, before end 2007.
Sources
21 May 2004: Le Monde
21 April 2004: Les Echos
23 July 2004: La Gaceta de los Negocios
Citation
Eurofound (2004), Mitsubishi Motors Corp (MMC), Internal restructuring in World, factsheet number 60311, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60311.
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.
