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 29.3 - Manufacture of parts and accessories for motor vehicles
234 jobs Number of planned job losses
Announcement Date
19 December 2004
Employment effect (start)
1 January 2005
Foreseen end date
31 December 2005
Description
The Valeo Company is specialised in the manufacture of components for motor vehicles. The Company has a plant in Ourense (Galicien, Spain) and has decided the closure of this centre. The job reduction plan needs to be agreed by the labour representatives and the regional authorities. The measures put forward by the management include early retirement for employees aged over 55, external relocations and indemnities. The labour representatives seem to turn down any proposal that includes the closure of the centre.
Sources
19 December 2004: La Voz de Galicia
Citation
Eurofound (2004), Valeo, Closure in Spain, factsheet number 60920, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60920.
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.
