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 Electrical Equipment 27 - Manufacture of electrical equipment
250 jobs Number of planned job losses
Announcement Date
14 June 2008
Employment effect (start)
Foreseen end date
31 May 2009
Description
The Embraco – a Brazilian multinational company, which produces components for household equipments and is part of the Whirlpool group - is to cut 250 jobs. This announcement follows the reorganisation plan announced on February 2005, which envisaged the loss of 485 jobs within the 2011. In order to reduce the negative social effects for the redundant workers, the company, the trade unions and the Ministry of Labour reached an agreement the envisages the recourse, for two years, to the ‘special’ Wages Guarantee Fund - a ‘social shock absorber’ that intervenes in cases of restructuring, reorganisation, closure, change of activity or economic difficulties - or, alternatively, the recourse to economic incentives for voluntary resignations.
Sources
15 June 2008: La Stampa
1 December 2004: La Stampa
16 November 2004: Il Sole 24 Ore
Citation
Eurofound (2008), Embraco Europe, Internal restructuring in Italy, factsheet number 60882, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60882.
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.
