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.
North West; Greater Manchester; Greater Manchester South
Location of affected unit(s)
Oldham
Sector
Public Administration And Defence Public Administration And Defence; Compulsory Social Security Public Administration And Defence; Compulsory Social Security 84 - Public administration and defence; compulsory social security
250 jobs Number of planned job losses
Announcement Date
10 November 2004
Employment effect (start)
Foreseen end date
Description
250 jobs are to go at Oldham Council in order to cut a budget overspend of nearly £10 million. It is not known which staff will be affected at the council, but compulsory redundancies have not been ruled out. The authority says it hopes the losses can be achieved through natural wastage, redeployment, early retirement and voluntary redundancies. It says the cuts are necessary to ensure key services are not affected.
Sources
10 November 2004: BBC News
Citation
Eurofound (2004), Oldham Council, Internal restructuring in United Kingdom, factsheet number 60787, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60787.
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.
