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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35 - Electricity, gas, steam and air conditioning supply
200 jobs Number of planned job losses
Announcement Date
19 June 2004
Employment effect (start)
Foreseen end date
Description
The Ministry of the Treasury's privatisation plans with respect to Przedsiębiorstwo Energetyczne Systemy Ciepłownicze (PESC), a utility generating heating power, has led the management of the entity to draw up and unveil a restructuring plan. Among other items, the plan calls for downsizing employment to 400 persons, down from the 600 employed in June 2004. The union organisation active within PESC is not willing to countenance such a solution, and it has commenced a collective dispute with the employer. The redundancy plans are being explained in terms of the enterprise's deteriorating financial condition; while the value of the enterprise is estimated at 50 million PLN, its debts have reached 80 million PLN.
Sources
20 June 2004: Gazeta Wyborcza
Citation
Eurofound (2004), Przedsiębiorstwo Energetyczne Systemy Ciepłownicze, Internal restructuring in Poland, factsheet number 60429, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60429.
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.
